Fortive (FTV) legal chief granted shares as performance RSUs vest, taxes withheld

Rhea-AI Filing Summary

Fortive Corp senior vice president and chief legal officer Peter C. Underwood reported two equity award-related transactions in Fortive common stock. On February 24, 2026, he acquired 1,383 shares at $0.00 per share through a grant/award tied to previously established performance-based RSUs, which the compensation committee determined had met their performance criteria and which remain subject to time-based vesting.

On the same date, 6,339 shares at $57.68 per share were disposed of in a tax-withholding transaction related to the distribution of shares from previously vested performance stock awards. After these transactions, his directly owned common stock holdings were 75,119 shares.

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

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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^*

Underwood Peter C

(Last) (First) (Middle)

6920 SEAWAY BLVD

(Street)

EVERETT WA 98203

(City) (State) (Zip)

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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2026		A		1,383(1)	A	(2)	81,458	D
Common Stock	02/24/2026		F		6,339(3)	D	$57.68	75,119	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In 2025, the Compensation Committee (the "Committee") awarded the Reporting Person RSUs with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2026 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.

2. Additional RSUs are payable in shares of common stock on a one-to-one basis.

3. This transaction relates to the aggregate withholding of shares for tax purposes in connection with the distribution of shares underlying previously vested performance stock awards.

Remarks:

	Peter C. Underwood	02/26/2026
	** 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.
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FAQ

What insider transactions did Fortive (FTV) report for Peter C. Underwood?

Fortive reported that Peter C. Underwood received a grant of 1,383 common shares and had 6,339 shares withheld to cover taxes, both on February 24, 2026. These transactions relate to performance-based and previously vested equity awards.

Was the Fortive (FTV) insider activity a stock purchase or a grant?

The activity was a stock grant, not an open-market purchase. Peter C. Underwood acquired 1,383 Fortive common shares at $0.00 per share as a performance-based equity award, subject to ongoing time-based vesting conditions determined by the compensation committee.

Why were 6,339 Fortive (FTV) shares disposed of in Peter C. Underwood’s Form 4?

The 6,339 Fortive shares were disposed of to satisfy tax withholding obligations. The filing states this withholding was connected to the distribution of shares underlying previously vested performance stock awards, rather than an open-market sale initiated by the executive.

How many Fortive (FTV) shares does Peter C. Underwood hold after these transactions?

After recording the grant of 1,383 shares and the tax-withholding disposition of 6,339 shares, Peter C. Underwood reported direct ownership of 75,119 Fortive common shares. This figure reflects his holdings immediately following the February 24, 2026 transactions.

What triggered the additional RSU award reported for Fortive (FTV) insider Peter C. Underwood?

The additional RSU-related award was triggered when Fortive’s compensation committee determined that performance criteria tied to previously granted RSUs were achieved. These additional RSUs convert to common stock on a one-to-one basis and remain subject to further time-based vesting requirements.