Fortive (FTV) CFO Okerstrom adds EDIP phantom shares via dividend accrual

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Fortive Corp SVP and CFO Mark D. Okerstrom reported an acquisition of 3.627 notional “phantom” shares in the Fortive Stock Fund under the company’s Executive Deferred Incentive Program (EDIP). These arose from notional dividend accruals priced at $63.60 per share and bring his EDIP Stock Fund balance to 3,869.030 phantom shares. The notional shares convert one-to-one into Fortive common stock and vest over time under EDIP rules, with vested amounts ultimately settled in common stock upon termination of employment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Okerstrom Mark D

Role SVP - Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	3.627	$63.60	$230.68

Holdings After Transaction: Executive Deferred Incentive Program - Fortive Stock Fund — 3,869.03 shares (Direct)

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.

Key Figures

Phantom shares acquired: 3.627 shares Reference stock price: $63.60 per share Total EDIP phantom shares after transaction: 3,869.030 shares +1 more

4 metrics

Phantom shares acquired 3.627 shares Notional dividend accrual on EDIP Stock Fund

Reference stock price $63.60 per share Fortive NYSE closing price used for accrual

Total EDIP phantom shares after transaction 3,869.030 shares CFO EDIP Stock Fund balance following acquisition

Conversion ratio 1:1 to common stock Notional EDIP shares convert into Fortive common stock

Key Terms

Executive Deferred Incentive Program, phantom shares, notional dividend accruals, EDIP Stock Fund, +1 more

5 terms

Executive Deferred Incentive Program financial

"under Fortive's Executive Deferred Incentive Program (the "EDIP")."

phantom shares financial

"notional dividend accruals on phantom shares in the Fortive stock fund"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

notional dividend accruals financial

"The reported securities are notional dividend accruals on phantom shares"

EDIP Stock Fund financial

"credited to the EDIP Stock Fund, which is the price shown"

vested portion financial

"Upon termination of employment, the vested portion of the EDIP Stock Fund is settled"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 04:48 PM Accepted by SEC EDGAR 07/07/2026 - 04:47 PM

FAQ

What insider transaction did Fortive (FTV) CFO Mark D. Okerstrom report?

Mark D. Okerstrom reported acquiring 3.627 phantom shares in Fortive’s Stock Fund under its Executive Deferred Incentive Program. The acquisition reflects notional dividend accruals, priced at $63.60 per share, increasing his EDIP Stock Fund balance to 3,869.030 phantom shares tied to Fortive common stock.

How are Fortive (FTV) EDIP phantom shares valued in this Form 4 filing?

The reported 3.627 phantom shares were valued using Fortive’s NYSE closing stock price of $63.60 on the accrual date. That closing price determines the number of phantom shares credited when dividends are notionally reinvested into the EDIP Stock Fund for participating executives like the CFO.

Do Fortive (FTV) EDIP phantom shares convert into common stock?

Yes, the notional EDIP phantom shares convert into Fortive common stock on a one-to-one basis. Upon termination of employment, the vested portion of the executive’s EDIP Stock Fund account is settled directly in shares of Fortive common stock according to the program’s terms.

What is Mark D. Okerstrom’s EDIP Stock Fund balance after this Fortive (FTV) transaction?

After the 3.627 phantom-share accrual, Mark D. Okerstrom holds a total of 3,869.030 phantom shares in the EDIP Stock Fund. This balance represents deferred compensation linked to Fortive’s stock performance and will ultimately be settled in common stock when the program’s conditions are met.

How does vesting work for Fortive (FTV) EDIP Stock Fund contributions?

Okerstrom immediately vests 100% in his voluntary EDIP Stock Fund contributions, while issuer contributions vest over time. Vesting accelerates upon death, qualifying retirement after at least five years of service and age 55, or gradually at one-tenth per year after five years of EDIP participation.

Is this Fortive (FTV) Form 4 an open-market stock purchase by the CFO?

No, this Form 4 reflects a grant-type acquisition of phantom shares from notional dividend accruals, not an open-market stock purchase. The transaction is coded “A” for grant or award and occurs within Fortive’s Executive Deferred Incentive Program rather than through public market trading.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Okerstrom Mark D

(Last)

(First)

(Middle)

6920 SEAWAY BLVD

(Street)

EVERETT

WASHINGTON

98203

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fortive Corp [ FTV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP - Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Executive Deferred Incentive Program - Fortive Stock Fund⁽¹⁾	⁽²⁾	07/06/2026		A	V	3.627		⁽³⁾	⁽³⁾	Common Stock	3.627	$63.6	3,869.03	D

Explanation of Responses:

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.

2. The notional shares convert on a one-to-one basis.

3. 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.

Remarks:

	Daniel B. Kim, as attorney-in-fact	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR