Fortive CEO reports stock grants and tax disposition
Fortive Corp President & CEO Olumide Soroye reported multiple equity-related transactions.
Rhea-AI Filing Summary
Fortive Corp President & CEO Olumide Soroye reported multiple equity-related transactions. He acquired 2,406.97 notional shares in the Executive Deferred Incentive Program’s Fortive Stock Fund at $58.58 per notional share and received a grant of 68,685 shares of common stock at $0 per share as time-based Restricted Stock Units.
He also disposed of 10,940 shares of common stock at $59.20 per share through share withholding to cover taxes tied to RSU vesting, rather than an open-market sale. After these transactions, his directly held common stock totaled 257,963 shares and EDIP notional holdings totaled 11,928.39 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 2,406.97 | $58.58 | $141K |
| Grant/Award | Common Stock | 68,685 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,940 | $59.20 | $648K |
Footnotes (6)
- F1. This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of Restricted Stock Units ("RSUs").
- F2. 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.
- F3. RSUs are payable in shares of common stock on a one-to-one basis.
- F4. 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.
- F5. The notional shares convert on a one-to-one basis.
- F6. 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.
FAQ
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What insider transactions did Fortive (FTV) CEO Olumide Soroye report?
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