Underwood Peter C 4

4 · Fortive Corp · Filed May 6, 2026

AI-generated summary of this filing

Updated May 6, 2026

Fortive (FTV) SVP Peter Underwood Exercises Options, Sells Shares

What Happened

Peter C. Underwood, Senior Vice President and Chief Legal Officer of Fortive (FTV), exercised 47,557 stock options and simultaneously sold the 47,557 shares on May 4, 2026. The reported exercise cost was $28.92 per share (total $1,375,348) and the shares were sold at a weighted-average price of $60.81 per share (total proceeds $2,891,941). This sequence—exercise followed by an immediate sale—is commonly a cashless exercise and results in net proceeds to the insider.

Key Details

Transaction date: May 4, 2026.
Option exercise: 47,557 shares at $28.92 each — $1,375,348 total (code M).
Sale: 47,557 shares at weighted-average $60.81 each — $2,891,941 total (code S). Sales prices ranged from $60.68 to $61.00 (see footnote).
Derivative/cancellation entry: a $0.00 disposal line reflects conversion/retirement of the option instrument on exercise.
Shares owned after transaction: not specified in the filing.
Filing timeliness: Form 4 filed May 6, 2026 for May 4 trades — within the standard two-business-day reporting window (timely).
Notable footnote: The options trace back to Danaher grants (May 15, 2016) converted at the Fortive spin-off and later adjusted for anti-dilution after subsequent spin-offs (see filing footnote).

Context

Because the exercised shares were promptly sold, this is a cashless exercise rather than a long-term purchase of stock — common for option holders converting compensation into cash. Routine exercises and sales by executives can reflect tax or personal financial planning and should not be read alone as a definitive signal about company prospects.

Form 4

Period: 2026-05-04

SVP - Chief Legal Officer

Transactions

Exercise/Conversion
Common Stock
2026-05-04$28.92/sh+47,557$1,375,348→ 135,337 total
Sale
Common Stock
[F1]
2026-05-04$60.81/sh−47,557$2,891,941→ 87,780 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
[F2]
2026-05-04−47,557→ 0 total
Exercise: $28.92Exp: 2026-05-15→ Common Stock (47,557 underlying)

Footnotes (2)

[F1]The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.68 to $61.00. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
[F2]Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on May 15, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 77,361 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect anti-dilution adjustments applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020 and the spin-off of Ralliant Corporation from the Issuer on June 28, 2025.

Signature

Daniel B. Kim, as attorney-in-fact|2026-05-06

1 file