Fortive CEO accrues 15 phantom shares
The reported units reflect dividend accruals in Fortive’s deferred incentive program and convert one-to-one into common stock.
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Rhea-AI Filing Summary
Fortive Corp (FTV) President & CEO Olumide Soroye reported acquiring 15 phantom shares through notional dividend accruals in the Executive Deferred Incentive Program Stock Fund on September 25, 2026. The report lists a $56.09 closing price used to calculate the accrual and 11,968 phantom shares following the transaction. The phantom shares convert one-to-one into common stock. Voluntary contributions vest immediately; issuer contributions follow the program’s stated service, age, and participation schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund F1, F2, F3 | 14.917 | $56.09 | $836.69 |
Footnotes (3)
- F1. 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.
- F2. The notional shares convert on a one-to-one basis.
- F3. 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
Key Terms
notional dividend accruals financial
Executive Deferred Incentive Program financial
FAQ
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How do Fortive's EDIP Stock Fund contributions vest?
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