Fortive's Corporate Development Chief Gains $90M+ Stock Award in Performance Win

Rhea-AI Filing Summary

Fortive Corporation (FTV) reports insider trading activity through a Form 4 filing for Jonathan L. Schwarz, SVP of Corporate Development. On June 27, 2025, Schwarz acquired 8,307 shares of common stock following the achievement of performance criteria for previously awarded Performance Stock Units (PSUs).

Key details of the transaction:

• The PSUs were originally granted on February 27, 2023, by the Compensation Committee
• Shares will vest on the third anniversary of the original grant date
• A one-year holding period requirement applies after vesting
• Following the transaction, Schwarz directly owns 90,238 shares
• The PSUs convert to common stock on a one-to-one basis

This transaction represents the successful achievement of performance targets set for executive compensation, as determined by the Compensation Committee on June 27, 2025.

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).

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^*

Schwarz Jonathan L

(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)
	SVP - Corporate Development

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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
Common Stock	06/27/2025		A		8,307(1)	A	(2)	90,238	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

Explanation of Responses:

1. On February 27, 2023, the Compensation Committee (the "Committee") awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on June 27, 2025 that the performance criteria of the PSUs have been achieved. The shares vest on the third anniversary of the original grant date and remain subject to a one-year holding period requirement thereafter.

2. PSUs are payable in shares of common stock on a one-to-one basis.

Remarks:

	Daniel B. Kim, as attorney-in-fact	06/27/2025
	** 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).
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.

FAQ

How many shares of FTV stock did SVP Jonathan Schwarz acquire on June 27, 2025?

Jonathan Schwarz acquired 8,307 shares of Fortive Corporation (FTV) common stock on June 27, 2025, through the vesting of Performance Stock Units (PSUs) that were originally awarded in February 2023.

What is the total amount of FTV shares owned by Jonathan Schwarz after the June 2025 transaction?

Following the reported transaction, Jonathan Schwarz directly owned 90,238 shares of Fortive Corporation (FTV) common stock.

What position does Jonathan Schwarz hold at FTV?

Jonathan Schwarz serves as Senior Vice President (SVP) - Corporate Development at Fortive Corporation (FTV).

What are the vesting conditions for the FTV PSUs awarded to Jonathan Schwarz?

The Performance Stock Units (PSUs) vest on the third anniversary of the original grant date (February 27, 2023) and are subject to a one-year holding period requirement thereafter. The PSUs were awarded subject to performance criteria, which the Compensation Committee determined were achieved on June 27, 2025.

What is the conversion ratio of FTV PSUs to common stock for this award?

According to the filing, the Performance Stock Units (PSUs) are payable in shares of FTV common stock on a one-to-one basis.