Hayes Rejji P 4
4 · Fortive Corp · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) Director Hayes Rejji Receives RSU Awards
What Happened
Hayes Rejji, a director of Fortive Corporation (FTV), was granted a total of 5,525 restricted stock units (RSUs) on June 9, 2026. The grants consist of 3,350 "Annual Grant RSUs" (reported at $0 per share as an award) and 2,175 "Deferral RSUs" issued in lieu of $130,000 cash retainer, valued at $59.78 per share (2,175 × $59.78 = $130,022). These are equity awards (transaction code A), not open‑market purchases or sales.
Key Details
- Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (appears timely).
- Grants: 3,350 Annual Grant RSUs (reported at $0.00 per share) and 2,175 Deferral RSUs at $59.78 per share (total ~$130,022).
- Vesting/issuance: Both RSU types vest on the earlier of the first anniversary of the grant or Fortive’s 2027 annual meeting; however, per the Reporting Person’s election, underlying shares will not be issued until the earlier of the director’s death or the first day of the seventh month after the director’s retirement from the Board.
- Deferral detail: Deferral RSUs reflect conversion of a $130,000 annual retainer into shares using a 20‑day average price of $59.78.
- Shares owned after transaction: not specified in the provided excerpt — see full Form 4 for total beneficial ownership.
- Filing timeliness: filed two days after the transaction date; consistent with standard Form 4 timing.
Context
These entries are compensation-related equity awards and not purchases or sales in the open market, so they do not reflect an immediate bullish or bearish trading decision. The delayed issuance and vesting terms mean the shares are subject to time-and-event conditions (vesting and retirement/death timing) rather than being immediately available for sale.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-09+3,350→ 32,151 total - Award
Common Stock
[F2]2026-06-09$59.78/sh+2,175$130,022→ 34,326 total
Footnotes (2)
- [F1]On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as the annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but, based on the election of the Reporting Person, the underlying shares will not be issued until the earlier of the Reporting Person's death or the first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.
- [F2]On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78, pursuant to deferral election made by the Reporting Person of $130,000 in annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.