Fortive VP adds EDIP phantom stock units

Fortive Corp VP and Chief Accounting Officer Christopher M. Mulhall reported routine compensation-related awards under the company’s Executive Deferred Incentive Program stock fund.

Rhea-AI Filing Summary

Fortive Corp VP and Chief Accounting Officer Christopher M. Mulhall reported routine compensation-related awards under the company’s Executive Deferred Incentive Program stock fund. On notional dividend accruals, he acquired 7.04 phantom shares directly and 1.88 phantom shares indirectly through his spouse at a reference price of $53.92 per share. These phantom shares track Fortive common stock on a one-to-one basis and vest over time under the plan, with vested balances ultimately settled in Fortive common stock after qualifying events such as retirement or death.

Insider Trade Summary

Grant/Award: 8.92 shares

Grant/Award 2 txns

Insider Mulhall Christopher M.

Role VP - Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	7.04	$53.92	$379.60
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	1.88	$53.92	$101.37

Holdings After Transaction: Executive Deferred Incentive Program - Fortive Stock Fund — 6,335.83 contracts (Direct); Executive Deferred Incentive Program - Fortive Stock Fund — 1,690.26 contracts (Indirect, By Spouse)

Footnotes (3)

1. F1. The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
2. F2. The notional shares convert on a one-to-one basis.
3. F3. The Reporting Person or the spouse of the Reporting Person, as applicable, immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person or the spouse of the Reporting Person, as applicable, will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's or Reporting Person's spouse's death, as applicable, 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.

Key Figures

Direct phantom shares acquired: 7.04 shares Indirect phantom shares acquired (spouse): 1.88 shares Reference price per share: $53.92 per share +2 more

5 metrics

Direct phantom shares acquired 7.04 shares Notional dividend accrual on March 27, 2026

Indirect phantom shares acquired (spouse) 1.88 shares Notional dividend accrual on March 27, 2026

Reference price per share $53.92 per share NYSE closing price used for dividend accruals

Direct phantom shares after transaction 6,335.83 shares EDIP Stock Fund balance held directly

Indirect phantom shares after transaction 1,690.26 shares EDIP Stock Fund balance held by spouse

Key Terms

Executive Deferred Incentive Program, phantom shares, notional dividend accruals, EDIP Stock Fund, +1 more

5 terms

Executive Deferred Incentive Program financial

"under Fortive's Executive Deferred Incentive Program (the "EDIP")."

phantom shares financial

"notional dividend accruals on phantom shares in the Fortive stock fund"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

notional dividend accruals financial

"The reported securities are notional dividend accruals on phantom shares"

EDIP Stock Fund financial

"credited to the EDIP Stock Fund, which is the price shown"

one-to-one basis financial

"The notional shares convert on a one-to-one basis."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Fortive (FTV) executive Christopher Mulhall report in this Form 4?

Christopher Mulhall reported routine compensation-related awards under Fortive’s Executive Deferred Incentive Program. He received 7.04 phantom shares directly and 1.88 phantom shares via his spouse, credited as notional dividend accruals in the Fortive stock fund on March 27, 2026.

Are these Fortive (FTV) Form 4 transactions open-market stock purchases or sales?

No, these transactions are not open-market trades. They are notional dividend accruals of phantom shares under Fortive’s Executive Deferred Incentive Program, credited based on the NYSE closing price and treated as deferred compensation rather than direct share purchases or sales.

How many EDIP phantom shares does Mulhall hold after these Fortive (FTV) transactions?

After these entries, Mulhall holds 6,335.83 phantom shares directly in the Fortive stock fund and 1,690.26 phantom shares indirectly through his spouse. These balances represent deferred incentive amounts that track Fortive common stock value on a one-to-one basis under the program.

What price was used to credit the Fortive (FTV) phantom share dividends in this filing?

The phantom share dividend accruals were based on a reference price of $53.92 per Fortive common share. This price reflects the NYSE closing price on the date the notional dividend accruals were credited to the Executive Deferred Incentive Program stock fund.

When do Fortive (FTV) EDIP phantom shares reported by Mulhall vest and settle?

Mulhall or his spouse vests immediately in voluntary contributions and vests in issuer contributions upon death, qualifying retirement, or gradually after years of participation. When employment ends, the vested balance of the EDIP stock fund is settled in Fortive common stock according to the plan’s terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 04:15 PM Learn about SEC filing dates

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

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^*

Mulhall Christopher M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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
Executive Deferred Incentive Program - Fortive Stock Fund(1)	(2)	03/27/2026		A	V	7.04		(3)	(3)	Common Stock	7.04	$53.92	6,335.83	D
Executive Deferred Incentive Program - Fortive Stock Fund(1)	(2)	03/27/2026		A	V	1.88		(3)	(3)	Common Stock	1.88	$53.92	1,690.26	I	By Spouse

Explanation of Responses:

1. The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.

2. The notional shares convert on a one-to-one basis.

3. The Reporting Person or the spouse of the Reporting Person, as applicable, immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person or the spouse of the Reporting Person, as applicable, will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's or Reporting Person's spouse's death, as applicable, 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.

Remarks:

	Daniel B. Kim, as attorney-in-fact	03/31/2026
	** 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.
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)