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
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.
Positive
- None.
Negative
- None.
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
What is the reference price for the new Fortive (FTV) EDIP phantom shares?
The number of phantom shares accrued was based on the closing price of Fortive common stock on the NYSE on the accrual date, shown as
How many EDIP-related derivative securities does the Fortive (FTV) insider now hold?
After the reported transaction, the insider beneficially owns 12,948.8 derivative securities in the Executive Deferred Incentive Program - Fortive Stock Fund, held directly.
How do Fortive (FTV) EDIP phantom shares convert into common stock?
The filing states that the notional shares in the EDIP Stock Fund convert on a one-to-one basis into Fortive common stock when settled.
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.