Fortive director receives new RSU stock awards
Fortive director Rejji P. Hayes reported two stock-based compensation awards.
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Rhea-AI Filing Summary
Fortive director Rejji P. Hayes reported two stock-based compensation awards. On June 9, he acquired 3,350 restricted stock units as his annual equity grant and 2,175 restricted stock units in lieu of a $130,000 cash retainer, based on a 20-day average price of $59.78. Both RSU types vest on the earlier of the first anniversary of the grant or Fortive’s 2027 annual shareholder meeting, and shares are not delivered until the earlier of his death or several months after retirement from the board.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,350 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,175 | $59.78 | $130K |
Footnotes (2)
- F1. 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.
- F2. 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 $130,000 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.
Key Figures
Key Terms
restricted stock units financial
Annual Grant RSUs financial
Deferral RSUs financial
annual retainer financial
deferral election financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fortive (FTV) director Rejji P. Hayes report?
How many Fortive (FTV) restricted stock units did Rejji Hayes receive?
What is the value basis for Rejji Hayes’s deferral RSUs at Fortive (FTV)?
When do Rejji Hayes’s Fortive (FTV) restricted stock units vest?
Are Rejji Hayes’s Fortive (FTV) RSU awards open-market purchases?
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