Fortive (FTV) CFO Mark Okerstrom Receives Award

What Happened

• Mark D. Okerstrom, Chief Financial Officer of Fortive Corp (FTV), was credited with 4.88 notional/phantom shares (derivative award) on Sept 25, 2026, at a per-share value of $56.09, totaling approximately $274. This was recorded as an award/grant (transaction code A) to the EDIP Stock Fund and is a compensation-related accrual rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-25; 4.88 notional shares at $56.09 each (total ≈ $274).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-09-28; appears timely (Form 4 due within two business days).
• Footnotes summary:
  • F1: These are notional dividend accruals on phantom shares in the EDIP Stock Fund, valued using the NYSE closing price on the credit date.
  • F2: Notional shares convert on a one-to-one basis to actual shares.
  • F3: The reporting person immediately vests in 100% of voluntary contributions to the EDIP Stock Fund; employer contributions vest per the EDIP schedule and vested amounts are settled in common stock upon termination (or in certain retirement/death scenarios).

Context

• This is a compensation accrual (derivative award) — not an open-market buy or sale — and reflects a small-dollar notional credit tied to Fortive’s deferred incentive plan. Such awards are routine parts of executive compensation and do not, by themselves, indicate the insider is buying or selling company stock.