Okerstrom Mark D 4

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.