Fortive director receives 5,275 stock units award
Fortive Corp director Wright Lassiter III reported receiving stock-based compensation awards.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,350 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,925 | $59.78 | $115K |
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Key Terms
restricted stock units financial
Annual Grant RSUs financial
Deferral RSUs financial
deferral election financial
annual retainer financial
FAQ
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What insider transaction did Fortive (FTV) director Wright Lassiter III report?
What are the terms of the Annual Grant RSUs reported by Fortive (FTV)?
How is the $115,000 retainer deferral structured in Fortive’s Form 4?
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