Fortive (NYSE: FTV) director defers $197,500 of retainer into RSUs
Rhea-AI Filing Summary
Dubey Sharmistha reported acquisition or exercise transactions in this Form 4 filing.
Fortive Corp director Sharmistha Dubey reported receiving new stock-based compensation in the form of restricted stock units (RSUs). On June 9, 2026, she was granted 3,305 "Annual Grant RSUs" as her annual equity grant and 4,895 "Deferral RSUs" tied to her board retainer.
The Deferral RSUs were issued based on a 20-day average price of $59.78 in exchange for $197,500 of annual cash retainer that she elected to defer into stock units. Both RSU awards vest on the earlier of the first anniversary of the grant date or Fortive’s 2027 annual stockholders’ meeting, with actual share delivery deferred until the earlier of her death or several months after retirement from the Board.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,895 | $0.00 | -- |
| Grant/Award | Common Stock | 3,305 | $59.78 | $198K |
Footnotes (1)
- 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. On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78, pursuant to deferral election made by the Reporting Person of $197,500 in annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral 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 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.