Okerstrom Mark D 4

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.