Fortive CFO awarded RSUs and EDIP stock units
Fortive Corp SVP and CFO Mark D. Okerstrom reported equity compensation awards.
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Rhea-AI Filing Summary
Fortive Corp SVP and CFO Mark D. Okerstrom reported equity compensation awards. He acquired 41,210 shares of common stock at no cost through a grant of restricted stock units effective March 2, 2026. He also acquired 1,843.63 notional shares in the Executive Deferred Incentive Program’s Fortive Stock Fund at a reference price of $58.58 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 1,843.63 | $58.58 | $108K |
| Grant/Award | Common Stock | 41,210 | $0.00 | $0.00 |
Footnotes (5)
- F1. The Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs"), effective March 2, 2026, that are subject only to time-based vesting provisions.
- F2. RSUs are payable in shares of common stock on a one-to-one basis.
- F3. Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
- F4. The notional shares convert on a one-to-one basis.
- F5. 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
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What insider transactions did Fortive (FTV) report for Mark D. Okerstrom?
What is the Executive Deferred Incentive Program (EDIP) stock fund at Fortive (FTV)?
What are the vesting terms for Fortive (FTV) EDIP contributions for the CFO?
How are Fortive (FTV) restricted stock units (RSUs) for the CFO structured?
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