Fortive legal chief exercises options, sells 48,442 shares
The options vest in thirds on the third, fourth and fifth grant anniversaries, and their count and exercise price reflect adjustments from the Vontier and Ralliant spin-offs.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Fortive Corp (FTV) SVP - Chief Legal Officer Peter C. Underwood exercised 48,442 employee stock options on October 30, 2026, at an exercise price of $34.85 per share, acquiring 48,442 common shares. He then sold 48,442 shares at a weighted average price of $64.60 per share; the reported sale prices ranged from $64.550 to $64.740. His reported option position after exercise was zero.
Insider Trade Summary
Exercise and Sale: 48,442 shares ($1.44M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Underwood Peter C
Role
SVP - Chief Legal Officer
Sold
48,442 shs ($3.13M)
Approx. gross sale proceeds
$3.13M
Approx. exercise cost
$1.69M
Approx. pre-tax spread
$1.44M
Share of Position Sold
38.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F2 | 48,442 | $0.00 | $0.00 |
| Exercise | Common Stock | 48,442 | $34.85 | $1.69M |
| Sale | Common Stock F1 | 48,442 | $64.60 | $3.13M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 79,118 shares (Direct)
Holdings Before and After:
Employee Stock Option (Right to Buy), 48,442 to 0 contracts (Direct);
Common Stock, 79,118 to 79,118 shares (Direct)
Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (2)
- F1. The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.550 to $64.740. 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.
- F2. One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date. 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 and the spin-off of Ralliant Corporation.
Key Figures
Employee stock options exercised: 48,442 options
Exercise price: $34.85 per share
Common shares sold: 48,442 shares
+3 more
6 metrics
Employee stock options exercised
48,442 options
October 30, 2026
Exercise price
$34.85 per share
Options exercised October 30, 2026
Common shares sold
48,442 shares
October 30, 2026
Weighted average sale price
$64.60 per share
Sale on October 30, 2026
Sale price range
$64.550 to $64.740 per share
Multiple sale transactions
Reported options remaining
0 options
Following the exercise
Key Terms
Employee Stock Option (Right to Buy), weighted average price, anti-dilution adjustments, vest
4 terms
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy)"
weighted average price financial
"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.
anti-dilution adjustments financial
"anti-dilution adjustments applied"
Anti-dilution adjustments are changes made to the ownership stakes or value of an investment to protect investors from having their shares become less valuable if the company issues new shares at a lower price. Imagine buying a piece of a pie, and then the pie is cut into more slices without increasing in size—these adjustments help ensure your slice still retains its worth. They matter to investors because they help preserve the value of their investment when the company’s share price drops.
vest financial
"One third of the options granted vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Peter C. Underwood's Fortive (FTV) option exercise terms?
He exercised 48,442 employee stock options on October 30, 2026, at $34.85 per share, acquiring 48,442 common shares. His reported option position after the exercise was zero.
When were Peter C. Underwood's Fortive options scheduled to vest and expire?
One third of the options granted vest on each of the third, fourth and fifth anniversaries of the grant date; the reported expiration date was February 23, 2027. The option count and exercise price reflect anti-dilution adjustments applied as a result of the Vontier Corporation and Ralliant Corporation spin-offs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
