Okerstrom Mark D 4
4 · Fortive Corp · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) CFO Mark Okerstrom Receives Award
What Happened
Fortive CFO Mark D. Okerstrom was credited with a notional award of 3.627 phantom shares in the Fortive stock fund under the company's Executive Deferred Incentive Program (EDIP) on July 6, 2026. The award is reported as a derivative acquisition at a price of $63.60 per share, for a total notional value of $231.
Key Details
- Transaction date: 2026-07-06; Filing date: 2026-07-07 (timely filing).
- Reported transaction: Award/grant (code A) of 3.627 notional shares at $63.60 each = $231 (derivative, not an open‑market purchase).
- Shares owned after transaction: not specified in this filing.
- Footnotes: (1) These are notional dividend accruals on phantom shares in the EDIP Stock Fund; (2) notional shares convert on a one‑for‑one basis to common stock; (3) the reporting person immediately vests in 100% of voluntary contributions and the EDIP contains a defined vesting schedule for employer contributions; vested amounts are settled in Fortive common stock upon termination as described in the EDIP.
- No 10b5‑1 plan or sale reported; this is a compensation/award entry, not a sale.
Context
This transaction reflects a small, routine notional dividend credit under Fortive’s deferred compensation plan rather than an open‑market purchase or sale. Because the entry represents phantom (notional) shares that convert one‑for‑one under plan rules and include specific vesting/settlement terms, it does not necessarily indicate immediate ownership of tradable shares or trading intent.
Insider Transaction Report
- Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F1][F2][F3]2026-07-06$63.60/sh+3.627$231→ 3,869.03 total→ Common Stock (3.627 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.