Fortive VP reports equity awards and tax share offsets
Fortive Corp VP and Chief Accounting Officer Christopher M. Mulhall reported multiple share-related transactions.
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Rhea-AI Filing Summary
Fortive Corp VP and Chief Accounting Officer Christopher M. Mulhall reported multiple share-related transactions. On March 2, 2026, he acquired 9,272 shares of common stock and additional notional interests in the Executive Deferred Incentive Program Stock Fund, with similar awards also reported for his spouse. On February 27, 2026, 1,021 directly held and 340 indirectly held common shares were disposed of to cover tax withholding tied to vesting restricted stock units, while updated indirect holdings in 401(k) accounts were also reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 975.15 | $58.58 | $57K |
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 660.64 | $58.58 | $39K |
| Grant/Award | Common Stock | 9,272 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,839 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,021 | $59.20 | $60K |
| Exercise Price or Tax Liability | Common Stock | 340 | $59.20 | $20K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (9)
- F1. This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of Restricted Stock Units ("RSUs").
- F2. The Compensation Committee of the Issuer awarded the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions.
- F3. RSUs are payable in shares of common stock on a one-to-one basis.
- F4. The Compensation Committee of the Issuer awarded the Spouse of the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions.
- F5. Based on plan statement dated as of February 28, 2026.
- F6. Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
- F7. The notional shares convert on a one-to-one basis.
- F8. The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
- F9. The Spouse of the Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Spouse of the Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the death of the Spouse of the Reporting Person', or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
FAQ
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What insider transactions did Fortive (FTV) report for Christopher M. Mulhall?
How are Fortive (FTV) Executive Deferred Incentive Program amounts treated in this Form 4?
What vesting terms apply to the Fortive (FTV) RSUs mentioned in the filing?
How much Fortive (FTV) stock does Christopher M. Mulhall hold after these transactions?
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