Underwood Peter C 4

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.