Fortive (FTV) CFO Mark Okerstrom Receives Stock Awards

What Happened

• Mark D. Okerstrom, Chief Financial Officer of Fortive Corp (FTV), recorded nine "A" (award/acquisition) transactions that represent deferrals of cash compensation into Fortive's Executive Deferred Incentive Program (EDIP) Stock Fund.
• The deferrals resulted in ~188.35 notional shares (convertible 1:1) with individual transaction values of roughly $1,212–$1,269, totaling about $11,357. These are not open-market purchases but notional share credits tied to deferred compensation.

Key Details

• Transactions (date — notional shares @ price — value):
  • 2026-04-17 — 20.845 @ $60.52 — $1,262
  • 2026-05-01 — 21.501 @ $59.03 — $1,269
  • 2026-05-11 — 20.101 @ $60.31 — $1,212
  • 2026-05-15 — 21.615 @ $58.72 — $1,269
  • 2026-05-29 — 21.763 @ $58.32 — $1,269
  • 2026-06-12 — 21.105 @ $60.14 — $1,269
  • 2026-06-26 — 20.645 @ $61.48 — $1,269
  • 2026-07-10 — 20.406 @ $62.20 — $1,269
  • 2026-07-24 — 20.370 @ $62.31 — $1,269
• Total notional shares acquired: ~188.35; total reported value: ~$11,357.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes from the filing:
  • These are notional, unfunded EDIP Stock Fund credits based on NYSE closing prices (F1).
  • Notional shares convert on a one-to-one basis (F2).
  • Transactions reflect voluntary deferrals of cash compensation into the EDIP (F3).
  • Voluntary contributions vest immediately; employer contributions vest per EDIP schedule (F4).
• Filing date: Aug 4, 2026 (the report covers transactions dated through July 24, 2026). Form 4s are generally required within two business days of a reportable transaction; this filing was submitted after the most recent transaction date and may be considered late.

Context

• These entries are derivative/notional-share credits from a deferred compensation plan — not open-market purchases — so they reflect compensation elections rather than a direct cash investment in the stock.
• Because voluntary deferrals vest immediately under the EDIP, the credits are effectively the insider choosing to receive future compensation linked to Fortive stock performance; this is routine compensation administration and not necessarily a directional signal about the CFO's view of the stock.