Underwood Peter C 4

What Happened

• Peter C. Underwood, SVP and Chief Legal Officer of Fortive Corp (FTV), received a new grant of 17,175 restricted stock units (RSUs) effective March 2, 2026. On the same filing he also had 1,226.02 shares (derivative/vested RSU distribution) recorded at $58.58 per share (value $71,820) and 4,514 shares were disposed/withheld at $59.20 per share to satisfy tax withholding (proceeds ≈ $267,229). The RSU award is an acquisition (grant); the withholding is a routine tax-related disposition.

Key Details

• Transaction dates and prices:
  • 2026-02-27: 4,514 shares withheld for taxes at $59.20/share — $267,229 (Disposition; tax withholding relating to RSU vesting) [Footnote F1].
  • 2026-03-02: Award of 17,175 RSUs (time‑based; no per-share price listed) [Footnote F2, F3].
  • 2026-03-02: 1,226.02 derivative/vested shares recorded at $58.58/share — $71,820 (Acquired; related to RSU distribution).
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes:
  • F1: Withholding of shares to cover taxes in connection with RSU vesting/distribution.
  • F2–F3: New RSUs effective March 2 are time‑based and payable 1:1 in common stock.
  • F4–F6: Describe Fortive’s Executive Deferred Incentive Program (EDIP) mechanics for notional shares and vesting—voluntary contributions vest immediately; employer contributions vest per EDIP rules.
• Filing timeliness: Report filed March 3, 2026. For the Feb 27 and Mar 2 transactions this filing falls within the standard Form 4 two-business-day reporting window.

Context

• These actions mostly reflect compensation mechanics (award of RSUs and routine tax withholding) rather than an open‑market buy or sell. RSU grants and distributions are common forms of executive compensation and do not necessarily signal an immediate buying or selling decision by the insider. The 1,226.02-share entry is a derivative/vesting settlement tied to RSUs, and the 4,514-share disposition was to satisfy taxes.