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Fortive Corp Awards $1.5M in Stock to Division President as Performance Milestone Hit

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

Rhea-AI Filing Summary

Fortive Corporation (FTV) reported a Form 4 filing detailing insider trading activity for Olumide Soroye, President & CEO of AHS and IOS. On June 27, 2025, Soroye acquired 21,856 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
  • The shares will vest on the third anniversary of the original grant date
  • A one-year holding period requirement applies after vesting
  • Following the transaction, Soroye directly owns 173,030 shares

The PSUs convert to common stock on a one-to-one basis. This transaction represents the Committee's determination that the performance criteria for the PSUs have been met, rather than a new equity grant or market transaction.

Positive

  • Performance Stock Units (PSUs) achievement confirmed: The Compensation Committee determined that performance criteria were met for 21,856 PSUs granted to President & CEO of AHS and IOS, indicating successful execution of performance targets
  • Significant executive ownership: Following the transaction, the executive maintains a substantial position of 173,030 shares, demonstrating strong alignment with shareholder interests

Negative

  • None.
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*
Soroye Olumide

(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)
President & CEO of AHS and IOS
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 21,856(1) A (2) 173,030 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 Olumide Soroye acquire on June 27, 2025?

Olumide Soroye acquired 21,856 shares of FTV common stock on June 27, 2025, through the vesting of Performance Stock Units (PSUs) that were originally awarded in February 2023.

What is Olumide Soroye's position at Fortive (FTV)?

Olumide Soroye serves as President & CEO of AHS and IOS at Fortive Corporation, as disclosed in the Form 4 filing.

How many FTV shares does Olumide Soroye own after the June 2025 transaction?

Following the reported transaction, Olumide Soroye directly owns 173,030 shares of Fortive Corporation (FTV) common stock.

What are the vesting conditions for FTV's PSUs granted to Soroye?

The 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 Compensation Committee determined on June 27, 2025, that the performance criteria for these PSUs had been achieved.

What is the conversion ratio of FTV's Performance Stock Units to common stock?

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

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17.18B
306.23M
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
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United States
EVERETT