Okerstrom Mark D 4

4 · Fortive Corp · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Fortive (FTV) CFO Mark Okerstrom Receives RSU Award

What Happened

Mark D. Okerstrom, Chief Financial Officer of Fortive Corp (FTV), was granted time‑based restricted stock units (RSUs) effective March 2, 2026. The filing reports two awards: 41,210 RSUs (no dollar value reported in the filing) and 1,843.63 RSUs reported as a derivative award valued at $108,000 (implied price $58.58 per share).
These are awards (code A) — not open‑market purchases or sales — and represent compensation, not an immediate buy or sell of stock.

Key Details

Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely filing).
Awards: 41,210 RSUs (value N/A in filing) and 1,843.63 RSUs shown at $58.58/share = $108,000 (derivative/notional).
Shares owned after transaction: Not specified in the provided filing details.
Notable footnotes:
- The RSUs are time‑based and payable one‑for‑one in common stock (F1, F2).
- The 1,843.63 units relate to Fortive’s Executive Deferred Incentive Program (EDIP); EDIP contributions are treated as notional shares based on the NYSE closing price when credited and convert 1:1 to shares (F3, F4).
- Vesting under EDIP: voluntary contributions vest immediately; employer contributions vest over time or on certain conditions (death, retirement after qualifying service, or graded vesting) (F5).

Context

These awards are compensation-related and typically reflect company pay practices, not a direct market bet by the insider. The derivative/notional units under EDIP will convert to actual shares on a one‑to‑one basis per the plan rules when vested or settled.
No sales, purchases, or option exercises were reported in this filing, and there’s no indication of a 10b5‑1 plan or other trading program.

Form 4

Period: 2026-03-02

SVP - Chief Financial Officer

Transactions

Award
Common Stock
[F1][F2]
2026-03-02+41,210→ 138,581 total
Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F3][F4][F5]
2026-03-02$58.58/sh+1,843.63$108,000→ 3,354.41 total
→ Common Stock (1,843.63 underlying)

Footnotes (5)

[F1]The Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs"), effective March 2, 2026, that are subject only to time-based vesting provisions.
[F2]RSUs are payable in shares of common stock on a one-to-one basis.
[F3]Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
[F4]The notional shares convert on a one-to-one basis.
[F5]The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.

Signature

Daniel B. Kim, as attorney-in-fact|2026-03-03

1 file