Fortive (FTV) SVP adds EDIP phantom shares tied to common stock
Rhea-AI Filing Summary
Fortive Corp insider reports deferred stock-based accruals under executive plan
Fortive Corp's SVP and Chief People Officer filed details of a transaction dated 12/26/2025 under the Executive Deferred Incentive Program (EDIP). The filing shows an acquisition of 13.94 derivative securities in the Executive Deferred Incentive Program - Fortive Stock Fund, tied to Fortive common stock, at a reference price of $55.69 per share. Following this transaction, the reporting person holds 12,948.8 derivative securities directly.
The filing explains that these positions represent notional dividend accruals on phantom shares in the EDIP stock fund, which convert to Fortive common stock on a one-to-one basis. Voluntary contributions vest immediately, while company contributions vest based on service, age, or death, with vested amounts settled in Fortive common stock upon termination of employment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 13.94 | $55.69 | $776.32 |
Footnotes (1)
- The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above. 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.
FAQ
What insider transaction did Fortive Corp (FTV) report on 12/26/2025?
The SVP and Chief People Officer reported acquiring 13.94 derivative securities in the Executive Deferred Incentive Program - Fortive Stock Fund on 12/26/2025, linked to Fortive common stock.
When do contributions to Fortive (FTV) EDIP Stock Fund vest for the reporting person?
The reporting person vests 100% immediately in voluntary contributions. Company contributions vest 100% upon death, or retirement after at least 5 years of service and age 55, or one-tenth per year of participation after five years, under the EDIP terms.
How are Fortive (FTV) EDIP balances settled for the insider?
According to the filing, upon termination of employment the vested portion of the EDIP Stock Fund is settled in Fortive common stock.