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Fortive (NYSE: FTV) director takes equity grants and defers $130K retainer

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Hayes Rejji P
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,350 $0.00 --
Grant/Award Common Stock 2,175 $59.78 $130K
Holdings After Transaction: Common Stock — 32,151 shares (Direct, null)
Footnotes (1)
  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 $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.
Annual grant RSUs 3,350 units Restricted stock units granted June 9, 2026 as annual equity grant
Deferral RSUs 2,175 units RSUs granted June 9, 2026 for deferred director retainer
Deferred cash retainer $130,000 Annual director retainer converted into Deferral RSUs
Pricing basis $59.78 per share 20-day average price used to calculate Deferral RSUs
Vesting trigger Earlier of 1 year or 2027 meeting Vesting for both Annual Grant RSUs and Deferral RSUs
restricted stock units financial
"the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Annual Grant RSUs financial
"restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated"
Deferral RSUs financial
"restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated"
annual retainer financial
"pursuant to deferral election made by the Reporting Person of $130,000 in annual retainer"
deferral election financial
"pursuant to deferral election made by the Reporting Person of $130,000 in annual retainer"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Hayes Rejji P
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/09/2026A3,350(1)A$032,151D
Common Stock06/09/2026A2,175(2)A$59.7834,326D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
Remarks:
Daniel B. Kim, as attorney-in-fact06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Fortive (FTV) director Rejji P. Hayes report?

Fortive director Rejji P. Hayes reported receiving two restricted stock unit grants. One is his annual equity grant, and the other reflects his decision to take part of his director retainer in stock rather than cash, both payable solely in common shares.

How many Fortive (FTV) restricted stock units did Rejji Hayes receive?

Rejji Hayes reported 3,350 restricted stock units as an annual equity grant and 2,175 restricted stock units under a deferral election. Each award represents future entitlement to Fortive common shares, subject to vesting and later share delivery conditions described in the filing footnotes.

What is the value basis for Rejji Hayes’s deferral RSUs at Fortive (FTV)?

The deferral restricted stock units are based on a $130,000 annual retainer that would otherwise be paid in cash. The number of units was calculated using a 20-day average Fortive share price of $59.78, aligning the director’s compensation more closely with shareholder value.

When do Rejji Hayes’s Fortive (FTV) restricted stock units vest?

Both the annual grant RSUs and the deferral RSUs vest on the earlier of the first anniversary of the June 9, 2026 grant date or the date of Fortive’s 2027 annual shareholder meeting. Vesting determines when the awards are earned, not when shares are actually delivered.

When will Fortive (FTV) actually issue shares for Rejji Hayes’s RSUs?

Shares underlying both RSU awards will be issued only upon specific future events. Delivery occurs at the earlier of Rejji Hayes’s death or the first day of the seventh month following his retirement from Fortive’s board, creating a long-term alignment with company performance.

Are Rejji Hayes’s Fortive (FTV) RSU awards open-market purchases?

No, the Form 4 classifies both transactions as grants or awards, not open-market purchases. One grant is standard equity compensation, and the other reflects deferral of a cash retainer into stock-settled units, without any reported buying or selling in the market.