Fortive (FTV) chief legal officer exercises options and sells 47,557 shares

Rhea-AI Filing Summary

Fortive Corp senior vice president and chief legal officer Peter C. Underwood executed an exercise-and-sell transaction in company stock. He exercised 47,557 shares of common stock at an option exercise price of $28.92 per share and sold the same 47,557 shares in open-market trades at a weighted average price of $60.81 per share, with individual sale prices ranging from $60.68 to $61.00. After these transactions, he directly held 87,780 shares of Fortive common stock, and the related employee stock option covering 47,557 shares was fully exercised, leaving no remaining balance under that option.

Insights

Insider trading analyst

Executive exercised options then sold all resulting shares, with a sizable remaining stake.

Peter C. Underwood, Fortive’s senior vice president and chief legal officer, exercised an employee stock option for 47,557 shares at an exercise price of $28.92 per share and immediately sold those shares at a weighted average of $60.81. This is a classic exercise-and-sell pattern converting options into cash.

Following the transactions, he continued to hold 87,780 common shares directly, so the sale reduced but did not eliminate his equity exposure. The option involved dated back to grants originally issued in 2016, later adjusted for corporate spin-offs, which supports viewing this as a long-standing award being monetized rather than a sudden position exit.

Insider Trade Summary

Net Seller: 47,557 shares ($2,891,941)

Net Sell 3 txns

Insider Underwood Peter C

Role SVP - Chief Legal Officer

Sold 47,557 shs ($2.89M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	47,557	$0.00	--
Exercise	Common Stock	47,557	$28.92	$1.38M
Sale	Common Stock	47,557	$60.81	$2.89M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 135,337 shares (Direct, null)

Footnotes (1)

1. The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.68 to $61.00. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on May 15, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 77,361 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect anti-dilution adjustments applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020 and the spin-off of Ralliant Corporation from the Issuer on June 28, 2025.

Key Figures

Shares sold: 47,557 shares Weighted average sale price: $60.81 per share Option exercise price: $28.92 per share +2 more

5 metrics

Shares sold 47,557 shares Common stock sold in open-market transactions on May 4, 2026

Weighted average sale price $60.81 per share Weighted average for sales between $60.68 and $61.00

Option exercise price $28.92 per share Employee stock option exercise price for 47,557 shares

Shares remaining after transactions 87,780 shares Direct Fortive common stock holdings after sale and exercise

Option shares exercised 47,557 shares Employee stock option (right to buy) fully exercised

Key Terms

weighted average price, Employee Stock Option (Right to Buy), derivative security, open-market sale

4 terms

weighted average price financial

"The price reported in Table I, Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Employee Stock Option (Right to Buy) financial

"security_title: "Employee Stock Option (Right to Buy)""

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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)
05/04/2026

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
Common Stock	05/04/2026		M		47,557	A	$28.92	135,337	D
Common Stock	05/04/2026		S		47,557(1)	D	$60.81	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
Employee Stock Option (Right to Buy)	$28.92	05/04/2026		M			47,557	(2)	05/15/2026	Common Stock	47,557	$0	0	D

Explanation of Responses:

1. The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.68 to $61.00. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

2. Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on May 15, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 77,361 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect anti-dilution adjustments applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020 and the spin-off of Ralliant Corporation from the Issuer on June 28, 2025.

Remarks:

	Daniel B. Kim, as attorney-in-fact	05/06/2026
	** 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)

FAQ

What did Fortive (FTV) executive Peter C. Underwood do in this Form 4 filing?

Peter C. Underwood exercised an employee stock option for 47,557 Fortive common shares at $28.92 and sold the same 47,557 shares in open-market trades at a weighted average price of $60.81, converting a long-standing option award into cash while retaining a remaining share position.

How many Fortive (FTV) shares did Peter C. Underwood sell and at what price?

He sold 47,557 Fortive common shares in open-market transactions at a weighted average price of $60.81 per share. According to the disclosure, individual sale prices ranged from $60.68 to $61.00, with the weighted average figure reported in the main transaction table.

What option exercise is disclosed for Fortive (FTV) in this Form 4?

The filing shows an employee stock option exercise for 47,557 underlying Fortive common shares at an exercise price of $28.92 per share. This option, originally granted in 2016 and adjusted after corporate spin-offs, was fully exercised, leaving zero remaining shares under that specific award.

How many Fortive (FTV) shares does Peter C. Underwood hold after these transactions?

After completing the exercise-and-sell sequence, Peter C. Underwood directly held 87,780 shares of Fortive common stock. This figure reflects his remaining equity stake following the sale of 47,557 shares that were acquired through the exercised employee stock option.

Was the Fortive (FTV) stock sale by Peter C. Underwood a routine option-related transaction?

Yes, the pattern matches a routine option-related transaction. Underwood exercised an employee stock option for 47,557 shares at $28.92 and sold all those acquired shares around $60.81, while the related option balance dropped to zero and a substantial shareholding of 87,780 shares remained.