Underwood Peter C 4

4 · Fortive Corp · Filed Jul 7, 2026

AI-generated summary of this filing

Updated Jul 7, 2026

Fortive (FTV) Chief Legal Officer Peter C. Underwood Receives Award

What Happened

Peter C. Underwood, SVP and Chief Legal Officer of Fortive Corp (FTV), was credited with 13.135 notional/phantom shares in the Fortive Executive Deferred Incentive Program (EDIP) Stock Fund on 2026-07-06. The filing values the award at $63.60 per share for a total of about $835. This is an award/acquisition of derivative (phantom) shares, not an open-market purchase of common stock.

Key Details

Transaction date and price: 2026-07-06 — 13.135 phantom shares at $63.60 per share; total ≈ $835.
Filing date: 2026-07-07 (timely; within required Form 4 window).
Shares owned after transaction: Not specified in the Form 4.
Transaction type: A (award/acquisition) — derivative interest (notional dividend accruals on phantom shares).
Notable footnotes:
- The reported securities are notional dividend accruals on phantom shares in the EDIP Stock Fund; the number is based on the NYSE closing price on the credit date.
- Notional shares convert on a one-to-one basis to common stock.
- Voluntary contributions to the EDIP Stock Fund vest immediately for the reporting person; employer contributions vest per EDIP rules (100% on certain retirement/death events or a multi-year schedule). Upon termination, vested amounts are settled in common stock.

Context

This is a derivative/award transaction (phantom shares), not a market buy or sale — it represents an internal deferred compensation accrual that can convert to common stock under the EDIP rules.
Such awards are generally routine compensation/deferral activity and do not necessarily signal a trading view by the insider.

Form 4

Period: 2026-07-06

SVP - Chief Legal Officer

Transactions

Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F1][F2][F3]
2026-07-06$63.60/sh+13.135$835→ 13,936.235 total
→ Common Stock (13.135 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.

Signature

Daniel B. Kim, as attorney-in-fact|2026-07-07

1 file