Fortive (NYSE: FTV) director receives 3,350-share RSU equity grant
Rhea-AI Filing Summary
MITCHELL KATE reported acquisition or exercise transactions in this Form 4 filing.
Fortive Corp director Kate Mitchell reported an equity compensation award rather than an open-market trade. On June 9, 2026, she received 3,350 restricted stock units (Annual Grant RSUs), payable solely in Fortive common stock, as her annual equity grant.
The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of Fortive’s 2027 annual stockholder meeting. Per Mitchell’s election, the underlying shares will be issued only at the earlier of her death or the first day of the seventh month after she retires from Fortive’s board. After this grant, she holds 35,125 common shares directly and 4,260 shares indirectly in a living trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,350 shares
Net Buy
2 txns
Insider
MITCHELL KATE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,350 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,125 shares (Direct);
Common Stock — 4,260 shares (Indirect, Held in Living Trust)
Footnotes (1)
- 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 first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.
Key Figures
RSU grant size: 3,350 shares
Direct holdings after grant: 35,125 shares
Indirect holdings in trust: 4,260 shares
+2 more
5 metrics
RSU grant size
3,350 shares
Annual Grant RSUs awarded on June 9, 2026
Direct holdings after grant
35,125 shares
Fortive common stock directly owned post-transaction
Indirect holdings in trust
4,260 shares
Fortive common stock held in living trust
Grant vesting timing
Earlier of 1-year anniversary or 2027 meeting
Vesting schedule for Annual Grant RSUs
Share issuance timing
Death or 7th month after board retirement
Deferred delivery of RSU shares per election
Key Terms
restricted stock units, Annual Grant RSUs, vest, Living Trust, +1 more
5 terms
restricted stock units financial
"granted to the Reporting Person restricted stock units ("Annual Grant RSUs")"
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
"the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs")"
vest financial
"The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Living Trust financial
"direct_or_indirect": "I", "nature_of_ownership": "Held in Living Trust""
grant, award, or other acquisition financial
""transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Fortive (FTV) director Kate Mitchell report?
Fortive director Kate Mitchell reported receiving 3,350 restricted stock units as an annual equity grant. These RSUs are payable solely in Fortive common stock and represent compensation, not an open-market stock purchase or sale, according to the Form 4 disclosure and its footnote.
When do Kate Mitchell’s Fortive Annual Grant RSUs vest?
The Annual Grant RSUs vest on the earlier of the first anniversary of the June 9, 2026 grant date or the date of Fortive’s 2027 annual stockholder meeting. This vesting schedule is described in the Form 4 footnote covering the equity award terms.
Is Kate Mitchell’s Fortive Form 4 transaction a stock purchase or sale?
The Form 4 shows an equity award coded as “A,” indicating a grant or other acquisition, not an open-market purchase or sale. The 3,350 RSUs are compensation payable in stock, with no transaction price per share reported for the grant itself.
How are Kate Mitchell’s indirect Fortive holdings structured?
The Form 4 lists 4,260 Fortive common shares held indirectly in a living trust. This entry is marked with indirect ownership, indicating the shares are owned through that trust rather than directly in Mitchell’s own name, as noted in the filing details.