Fortive Corp Awards $1.5M in Stock to Division President as Performance Milestone Hit
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soroye Olumide
Role
President & CEO of AHS and IOS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,856 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 173,030 shares (Direct)
Footnotes (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.
FAQ
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.
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.