FTV Form 4 — Mulhall Reports EDIP Phantom Share Additions at $48.53

Rhea-AI Filing Summary

Christopher M. Mulhall, Vice President and Chief Accounting Officer of Fortive Corp (FTV), reported acquisitions of notional phantom shares in the company’s Executive Deferred Incentive Program (EDIP) Stock Fund as dividend accruals. The filing shows additions of 6.604 and 1.268 phantom shares credited at a price of $48.53 per share, which convert on a one-to-one basis to common stock. The EDIP shares include immediate vesting for voluntary contributions and specified vesting for employer contributions; the total phantom share counts reflect an anti-dilution adjustment related to the Ralliant spin-off. The reporting indicates one block of shares is held directly and one block is held indirectly by spouse.

Positive

• Transparent disclosure of EDIP phantom share accruals and vesting terms improves investor clarity
• Anti-dilution adjustment from the Ralliant spin-off is explicitly reported, showing corrective treatment of balances

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider crediting of EDIP phantom shares; small, non-cash additions with limited immediate market impact.

The reported transactions are not purchases or sales of market stock but notional dividend accruals under Fortive’s EDIP, recorded at the NYSE closing price shown in the filing. The added amounts (6.604 and 1.268 phantom shares) are minor relative to common share counts and reflect program mechanics rather than active trading. The one-to-one conversion feature and immediate vesting of voluntary contributions mean the reporting person will receive equivalent shares upon settlement, but this is administrative and not material to valuation or liquidity.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements; vesting and anti-dilution notes increase transparency for investors.

The Form 4 clarifies the nature of the holdings: phantom shares from the EDIP, vesting conditions for employer versus voluntary contributions, and an anti-dilution adjustment tied to the Ralliant spin-off. This disclosure supports oversight of executive compensation and potential future share issuance on settlement. No indications of exceptional compensation acceleration or unusual transaction codes are present; the filing appears routine and compliant.

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).

1. Name and Address of Reporting Person^*

Mulhall Christopher M.

(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)
	VP - Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

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

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)	09/26/2025		A	V	6.604		(3)	(3)	Common Stock	6.604	$48.53	5,347.876(4)	D
Executive Deferred Incentive Program - Fortive Stock Fund(1)	(2)	09/26/2025		A		1.268		(3)	(3)	Common Stock	1.268	$48.53	1,026.64(4)	I	By Spouse

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.

4. The total number of phantom shares reflects an anti-dilution adjustment applied as a result of the spin-off of Ralliant Corporation from the Issuer on June 28, 2025.

Remarks:

	Daniel B. Kim, as attorney-in-fact	09/30/2025
	** 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 did Fortive insider Christopher Mulhall report on Form 4 (FTV)?

He reported accruals of 6.604 and 1.268 phantom shares in the EDIP Stock Fund, credited at $48.53 per share, converting one-to-one to common stock.

Are the reported EDIP shares vested and who holds them?

Voluntary contributions are immediately vested; employer contributions vest under specified service/age conditions. One reported block is held directly and one indirectly by spouse.

Do these Form 4 entries show open-market purchases or sales?

No. The entries represent notional dividend accruals on phantom shares under the Executive Deferred Incentive Program, not cash market trades.

Why did the reported share totals change?

The filing states an anti-dilution adjustment was applied due to the Ralliant Corporation spin-off, which adjusted the phantom share totals.