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Fortive's Legal Chief Grows Stake to 60,931 Shares Following Performance Award

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

Rhea-AI Filing Summary

Fortive Corp's SVP & Chief Legal Officer Peter C. Underwood reported the vesting of Performance Stock Units (PSUs) on June 27, 2025. The Compensation Committee confirmed achievement of performance criteria for 9,181 PSUs that were originally awarded on February 27, 2023.

Key details of the transaction:

  • Following the transaction, Underwood now beneficially owns 60,931 shares directly
  • The PSUs convert to common stock on a one-to-one basis
  • Shares will fully vest on the third anniversary of the original grant date
  • A one-year holding period requirement applies after vesting

This Form 4 filing represents a standard executive compensation event, with PSUs being awarded based on achieved performance metrics, demonstrating alignment between executive compensation and company performance goals.

Positive

  • None.

Negative

  • None.
Insider Underwood Peter C
Role SVP - Chief Legal Officer
Type Security Shares Price Value
Grant/Award Common Stock 9,181 $0.00 --
Holdings After Transaction: Common Stock — 60,931 shares (Direct)
Footnotes (1)
  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. PSUs are payable in shares of common stock on a one-to-one basis.
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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 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 - Chief Legal Officer
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 9,181(1) A (2) 60,931 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many FTV shares did Peter C. Underwood acquire on June 27, 2025?

Peter C. Underwood, SVP - Chief Legal Officer of Fortive Corporation, acquired 9,181 shares of common stock on June 27, 2025 through the vesting of Performance Stock Units (PSUs).

What is Peter Underwood's total FTV stock ownership after the June 2025 transaction?

Following the reported transaction on June 27, 2025, Peter C. Underwood beneficially owned 60,931 shares of Fortive Corporation (FTV) common stock directly.

When were the original FTV Performance Stock Units (PSUs) granted to Peter Underwood?

The Performance Stock Units (PSUs) were originally granted to Peter Underwood by the Compensation Committee on February 27, 2023. The performance criteria achievement was determined on June 27, 2025.

What are the vesting and holding period requirements for FTV's PSUs granted to Peter Underwood?

The PSUs vest on the third anniversary of the original grant date (February 27, 2023) and are subject to an additional one-year holding period requirement after vesting. The PSUs are payable in common stock on a one-to-one basis.