Fortive Corp·4

Jul 7, 4:47 PM ET

Okerstrom Mark D 4

Research Summary

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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.