Fortive (FTV) SVP adds EDIP phantom shares, now holds 11,337.46 units
Rhea-AI Filing Summary
Fortive Corp executive and senior vice president for strategic and corporate development reported an equity-related transaction under the company’s Executive Deferred Incentive Program. On 12/26/2025, the reporting person acquired 12.2 derivative securities in the Executive Deferred Incentive Program – Fortive Stock Fund through notional dividend accruals on phantom shares at a reference price of $55.69 per share. Following this accrual, the reporting person beneficially owns 11,337.46 derivative securities linked to Fortive common stock on a direct basis.
The phantom shares convert into Fortive common stock on a one-to-one basis, with immediate vesting on voluntary contributions and issuer contributions vesting over time or upon certain events such as death or qualifying retirement. Upon termination of employment, the vested balance in the program is settled in Fortive common stock.
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FAQ
What insider equity transaction at Fortive (FTV) is disclosed here?
The filing reports that a Fortive senior vice president acquired 12.2 derivative securities in the Executive Deferred Incentive Program – Fortive Stock Fund on 12/26/2025 through notional dividend accruals on phantom shares.
How many Fortive-related derivative securities does the insider now beneficially own?
After the reported transaction, the reporting person beneficially owns 11,337.46 derivative securities tied to Fortive Corp (FTV) common stock, held on a direct basis.
What is the nature of the Executive Deferred Incentive Program – Fortive Stock Fund?
The Executive Deferred Incentive Program – Fortive Stock Fund tracks phantom shares based on Fortive’s common stock. Notional dividend accruals are credited as additional phantom shares using the NYSE closing price on the accrual date.
At what price were the new Fortive phantom shares credited in this transaction?
The 12.2 phantom shares were credited using a reference price of $55.69 per share, which is the NYSE closing price of Fortive’s common stock on the date the dividend accruals were credited.
How do the Fortive phantom shares under the EDIP convert into common stock?
The notional shares under the Executive Deferred Incentive Program convert into Fortive common stock on a one-to-one basis, with vested amounts settled in Fortive common stock upon termination of employment.
How does vesting work for contributions to Fortive’s Executive Deferred Incentive Program?
The reporting person vests 100% immediately in voluntary contributions. Issuer contributions vest 100% upon death or qualifying retirement after at least 5 years of service and age 55, or one-tenth per year after five years of participation, in line with the plan rules.