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Fortive (FTV) director defers $115K retainer into RSUs and gets annual grant

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fortive Corp director Wright Lassiter III reported receiving stock-based compensation awards. On June 9, 2026, he acquired a total of 5,275 restricted stock units (RSUs) of Fortive common stock. These awards consist of an annual equity grant and additional RSUs issued under his deferral election.

The deferral RSUs were granted in lieu of $115,000 in cash annual retainer, using a 20-day average share price of $59.78. Both the annual grant RSUs and the deferral RSUs vest on the earlier of the first anniversary of the grant date or Fortive’s 2027 annual stockholders’ meeting. The underlying shares will be issued only after Lassiter’s death or the third year following his retirement from Fortive’s Board. Following these awards, he directly holds 25,756.75 shares of Fortive common stock.

Positive

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Insider Lassiter Wright III
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,350 $0.00 --
Grant/Award Common Stock 1,925 $59.78 $115K
Holdings After Transaction: Common Stock — 23,831.75 shares (Direct, null)
Footnotes (1)
  1. On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as the annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but, based on the election of the Reporting Person, the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer. On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78, pursuant to deferral election made by the Reporting Person of $115,000 in annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer.
Annual Grant RSUs 3,350 units Restricted stock units granted June 9, 2026 as annual equity grant
Deferral RSUs 1,925 units RSUs from $115,000 cash retainer deferral at $59.78 average price
Average price for deferral $59.78 per share 20-day average Fortive share price used to calculate Deferral RSUs
Retainer amount deferred $115,000 Annual board cash retainer converted into Deferral RSUs
Shares held after grants 25,756.75 shares Direct Fortive common stock holdings following June 9, 2026 awards
restricted stock units financial
"the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Annual Grant RSUs financial
"restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as the annual equity grant"
Deferral RSUs financial
"the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78"
deferral election financial
"pursuant to deferral election made by the Reporting Person of $115,000 in annual retainer"
annual retainer financial
"deferral election made by the Reporting Person of $115,000 in annual retainer that would otherwise have been paid in cash"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Lassiter Wright III
(Last)(First)(Middle)
6920 SEAWAY BLVD
(Street)
EVERETT WASHINGTON 98203
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Fortive Corp [ FTV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/09/2026A3,350(1)A$023,831.75D
Common Stock06/09/2026A1,925(2)A$59.7825,756.75D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as the annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but, based on the election of the Reporting Person, the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer.
2. On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78, pursuant to deferral election made by the Reporting Person of $115,000 in annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer.
Remarks:
Daniel B. Kim, as attorney-in-fact06/11/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Fortive (FTV) director Wright Lassiter III report?

Wright Lassiter III reported receiving stock-based compensation awards totaling 5,275 restricted stock units. These RSUs represent his annual equity grant and additional units received instead of cash board retainer, and are payable solely in Fortive common stock under long-term vesting and issuance conditions.

How many Fortive shares does Wright Lassiter III hold after this Form 4?

After the reported RSU awards, Wright Lassiter III holds 25,756.75 Fortive common shares directly. This figure reflects his updated ownership position following the June 9, 2026 grants, as disclosed in the Form 4’s post-transaction holdings column.

What are the terms of the Annual Grant RSUs reported by Fortive (FTV)?

The Annual Grant RSUs are restricted stock units granted as Wright Lassiter III’s annual equity award. They vest on the earlier of the first anniversary of the June 9, 2026 grant date or Fortive’s 2027 annual meeting, with actual shares issued only after specified retirement or death events.

How is the $115,000 retainer deferral structured in Fortive’s Form 4?

Wright Lassiter III elected to defer $115,000 of his annual cash retainer into Deferral RSUs. The number of RSUs was based on a 20-day average Fortive share price of $59.78, and these units are payable solely in common stock under the same vesting and issuance schedule.

When will the RSUs granted to Fortive director Lassiter actually convert into shares?

Both the Annual Grant RSUs and Deferral RSUs vest by the earlier of the first anniversary of June 9, 2026 or Fortive’s 2027 annual meeting. However, the underlying shares will not be issued until the earlier of Lassiter’s death or the third year after his retirement from the Board.