Okerstrom Mark D 4
4 · Fortive Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) CFO Mark Okerstrom Receives Award
What Happened Mark D. Okerstrom, Chief Financial Officer of Fortive Corp (FTV), received a derivative award on 2026-03-27 consisting of 3.732 notional (phantom) shares credited at $53.92 each, with a total reported value of $201. This was recorded as an award/acquisition (derivative) rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-03-27 — 3.732 notional shares @ $53.92 each; total value $201.
- Shares owned after transaction: Total post-transaction holdings are not disclosed in this Form 4 filing.
- Nature of the award: These are notional dividend accruals on phantom shares in the Fortive Executive Deferred Incentive Program (EDIP) Stock Fund (derivative, converts 1:1 to common stock).
- Vesting/settlement notes: Voluntary contributions vest immediately; issuer contributions vest per the EDIP schedule; vested amounts are settled in Fortive common stock upon termination or as specified in the plan.
- Filing timeliness: Transaction dated 2026-03-27; Form 4 filed 2026-03-31. The filing appears to have been submitted one business day after the 2-business-day reporting deadline.
Context This was a small-value notional/phantom share accrual (about $201) tied to Fortive’s EDIP — the reporting person did not purchase or sell actual shares in the open market. Phantom/notional shares are a form of deferred compensation that typically convert to or are settled in company stock per plan rules and vesting schedules; they do not directly indicate a buy or sell decision by the insider.
Insider Transaction Report
- Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F1][F2][F3]2026-03-27$53.92/sh+3.732$201→ 3,358.15 total→ Common Stock (3.732 underlying)
Footnotes (3)
- [F1]The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
- [F2]The notional shares convert on a one-to-one basis.
- [F3]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.