Fortive (NYSE: FTV) CAO reports stock grants, plan credits and tax offsets
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Mulhall Christopher M.
Role
VP - Chief Accounting Officer
| 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 | -- |
| Grant/Award | Common Stock | 5,839 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,021 | $59.20 | $60K |
| Tax Withholding | Common Stock | 340 | $59.20 | $20K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Executive Deferred Incentive Program - Fortive Stock Fund — 6,328.79 shares (Direct);
Executive Deferred Incentive Program - Fortive Stock Fund — 1,688.39 shares (Indirect, By Spouse);
Common Stock — 52,391 shares (Direct);
Common Stock — 17,311 shares (Indirect, By Spouse)
Footnotes (1)
- This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of Restricted Stock Units ("RSUs"). The Compensation Committee of the Issuer awarded the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions. RSUs are payable in shares of common stock on a one-to-one basis. 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. Based on plan statement dated as of February 28, 2026. 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. The notional shares convert on a one-to-one basis. 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. 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
What insider transactions did Fortive (FTV) report for Christopher M. Mulhall?
Fortive reported that Christopher M. Mulhall received share awards and related plan interests and had shares withheld for taxes. The filing details common stock grants, Executive Deferred Incentive Program credits, and tax-withholding dispositions tied to restricted stock unit vesting on specific 2026 dates.
How are Fortive (FTV) Executive Deferred Incentive Program amounts treated in this Form 4?
Compensation deferred into Fortive’s Executive Deferred Incentive Program Stock Fund is recorded as unfunded, notional shares. The number of notional shares is based on the NYSE closing price when credited and later converts into common stock on a one-to-one basis, subject to the plan’s vesting provisions.
What vesting terms apply to the Fortive (FTV) RSUs mentioned in the filing?
Restricted stock units awarded to Christopher M. Mulhall and his spouse are subject only to time-based vesting. They are payable in Fortive common stock on a one-to-one basis, with additional vesting provisions described for contributions under the Executive Deferred Incentive Program after service and age conditions.
How much Fortive (FTV) stock does Christopher M. Mulhall hold after these transactions?
After these reported transactions, Christopher M. Mulhall directly holds 52,391 Fortive common shares. Additional indirect holdings are reported through his spouse and 401(k) accounts, with separate balances shown for each account following the February 27, 2026 updates.