Fortive (FTV) VP, Chief Accounting Officer discloses new EDIP phantom shares
Rhea-AI Filing Summary
Fortive Corp executive reports small phantom stock accruals tied to deferred compensation. A Fortive vice president and Chief Accounting Officer filed details of notional dividend accruals in the company’s Executive Deferred Incentive Program stock fund. On 12/26/2025, 5.76 phantom shares and 1.11 phantom shares of Fortive common stock were credited at a reference price of $55.69 per share. After these credits, the reporting person holds 5,353.64 phantom shares directly in the Fortive stock fund and 1,027.75 phantom shares indirectly through a spouse.
The phantom shares convert on a one-to-one basis into Fortive common stock when settled. Voluntary contributions vest fully immediately, while company contributions vest based on service, age, and other conditions under the Executive Deferred Incentive Program, with vested balances 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 | 5.76 | $55.69 | $320.77 |
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 1.11 | $55.69 | $61.82 |
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.