Fortive SVP adds EDIP phantom share credits

Rhea-AI Filing Summary

Fortive Corp senior vice president and chief legal officer Peter C. Underwood reported an automatic acquisition of 13.135 notional phantom shares in the Executive Deferred Incentive Program Fortive Stock Fund, based on a common stock closing price of $63.60 per share.

These notional shares accrue as dividend equivalents, convert on a one-to-one basis into common stock when settled, and increased his EDIP Stock Fund balance to 13,936.235 notional shares. Vesting and settlement follow the plan’s rules, with vested amounts ultimately settled in Fortive common stock upon qualifying termination of employment.

Insider Trade Summary

Grant/Award: 13.135 shares

Grant/Award 1 txn

Insider Underwood Peter C

Role SVP - Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	13.135	$63.60	$835.39

Holdings After Transaction: Executive Deferred Incentive Program - Fortive Stock Fund — 13,936.235 contracts (Direct)

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 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.

Key Figures

Phantom shares acquired: 13.135 shares Reference share price: $63.60 per share EDIP phantom share balance: 13,936.235 shares +2 more

5 metrics

Phantom shares acquired 13.135 shares Notional dividend accrual in EDIP Stock Fund

Reference share price $63.60 per share Closing Fortive common stock price used for accrual

EDIP phantom share balance 13,936.235 shares Total notional EDIP Stock Fund units after transaction

Conversion ratio 1:1 Notional EDIP shares convert one-to-one into common stock

Vesting of voluntary contributions 100% immediate Voluntary EDIP Stock Fund contributions by reporting person

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"

vested portion financial

"Upon termination of employment, the vested portion of the EDIP Stock Fund"

FAQ

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

What did Fortive (FTV) executive Peter Underwood report in this Form 4?

Peter C. Underwood reported an automatic acquisition of 13.135 notional phantom shares in Fortive’s Executive Deferred Incentive Program stock fund, tied to dividend equivalents based on a $63.60 closing share price. This is a compensation-related accrual, not an open-market stock purchase or sale.

Is Peter Underwood buying or selling Fortive (FTV) shares in the market?

The filing does not show any open-market buying or selling. It reports a grant-type acquisition of phantom shares in a deferred compensation plan, reflecting dividend-related accruals rather than discretionary stock trades on an exchange or through a broker.

How many EDIP phantom shares does Peter Underwood hold after this transaction?

After the reported dividend-equivalent accrual, Peter Underwood holds 13,936.235 notional phantom shares in the EDIP Fortive Stock Fund. These plan units track Fortive’s common stock value and are ultimately settled in actual shares when paid according to plan terms.

At what price were the new Fortive EDIP phantom shares credited?

The 13.135 additional phantom shares were credited using a Fortive common stock closing price of $63.60 per share on the New York Stock Exchange. That closing price determines how many phantom units are added under the plan’s notional dividend accrual mechanism.

How do Fortive EDIP phantom shares convert into common stock?

The notional EDIP phantom shares convert into Fortive common stock on a one-to-one basis when settled. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in Fortive common shares, following vesting and distribution rules described in the plan documents.

When does Peter Underwood vest in Fortive EDIP contributions?

Underwood is immediately 100% vested in his voluntary EDIP Stock Fund contributions. He vests in issuer contributions upon death, qualifying retirement after at least five years of service and age 55, or gradually at one-tenth per year after five years of participation, under the plan’s terms.

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

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Accepted by SEC EDGAR 07/07/2026 - 04:47 PM EDT 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^*

Underwood Peter C

(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)
	SVP - Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

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)	07/06/2026		A	V	13.135		(3)	(3)	Common Stock	13.135	$63.6	13,936.235	D

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 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	07/07/2026
	** 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)