Fortive (NYSE: FTV) legal chief gets RSU grant and defers stock compensation

Rhea-AI Filing Summary

Fortive Corp senior vice president and chief legal officer Peter C. Underwood reported equity-related transactions. On March 2, 2026, he acquired 17,175 shares of common stock as a grant of restricted stock units and 1,226.02 notional shares through the Executive Deferred Incentive Program. On February 27, 2026, 4,514 shares of common stock were withheld at $59.20 per share to cover tax obligations linked to vesting, a non-open-market disposition. All positions are held directly.

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

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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^*

Underwood Peter C

(Last) (First) (Middle)

6920 SEAWAY BLVD

(Street)

EVERETT WA 98203

(City) (State) (Zip)

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)
	SVP - Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Stock	02/27/2026		F		4,514(1)	D	$59.2	70,605	D
Common Stock	03/02/2026		A		17,175(2)	A	(3)	87,780	D

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(4)	(5)	03/02/2026		A		1,226.02		(6)	(6)	Common Stock	1,226.02	$58.58	13,907.63	D

Explanation of Responses:

1. This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of Restricted Stock Units ("RSUs").

2. The Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions.

3. RSUs are payable in shares of common stock on a one-to-one basis.

4. Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.

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

6. The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, 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	03/03/2026
	** 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).
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FAQ

What insider transactions did Fortive (FTV) report for Peter C. Underwood?

Fortive reported that Peter C. Underwood received equity awards and had shares withheld for taxes. He acquired 17,175 common shares via RSU grant, 1,226.02 notional EDIP shares, and had 4,514 shares withheld for tax obligations on vested RSUs.

Were Peter C. Underwood’s Fortive (FTV) transactions open-market buys or sells?

The reported transactions were equity grants and tax withholding, not open-market trades. RSUs and EDIP notional shares were awarded, while 4,514 shares were surrendered to cover tax liabilities related to vesting, according to the Form 4 and accompanying footnotes.

How many Fortive (FTV) shares did Peter C. Underwood acquire through awards?

He acquired 17,175 shares of Fortive common stock via restricted stock unit grant and 1,226.02 notional shares under the Executive Deferred Incentive Program. Both awards are subject to the program’s and RSU agreements’ vesting and settlement terms described in the filing footnotes.

What does the tax-withholding transaction mean in Fortive (FTV) insider filing?

The tax-withholding transaction reflects 4,514 Fortive common shares delivered to satisfy tax obligations on vested RSUs. Footnotes explain this was a share withholding mechanism, not an open-market sale, used to pay income taxes when the restricted stock units vested and were distributed.

How do Fortive (FTV) RSUs and EDIP stock fund work for Peter C. Underwood?

RSUs are time-vested awards payable one-for-one in common stock. EDIP stock fund contributions are credited as unfunded, notional Fortive shares based on NYSE closing price, also converting one-for-one into stock upon settlement under the Executive Deferred Incentive Program’s terms.