Desjourdy Amee 4
4 · Fortive Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) SVP Amee Desjourdy Receives Award
What Happened
Amee Desjourdy, SVP & Chief People Officer of Fortive (FTV), was credited with 1.18 notional (phantom) shares in the Fortive EDIP Stock Fund on 2026-03-27. The notional award used a NYSE closing price of $53.92 per share, giving an aggregate notional value of about $64. This transaction is reported as an Award/Acquisition (code A) and represents a notional dividend accrual to a deferred-compensation (phantom share) account, not an open-market stock purchase.
Key Details
- Transaction date: 2026-03-27; Filing date (Form 4): 2026-03-31.
- Amount credited: 1.18 notional shares at $53.92 each; total notional value ≈ $64.
- Transaction type: Award / notional (derivative) accrual under the Executive Deferred Incentive Program (EDIP) Stock Fund.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- The credited items are notional dividend accruals on phantom shares in the EDIP Stock Fund (F1).
- Notional shares convert one-for-one to actual common shares upon settlement (F2).
- Voluntary contributions vest immediately; employer contributions follow EDIP vesting rules (immediate full vesting on death, retirement conditions, or pro rata after five years) and vested amounts are settled in common stock at termination (F3).
Context
This is a routine, compensation-related notional share accrual (phantom shares) rather than a market purchase or sale. Such awards reflect plan mechanics (dividend credits and deferred compensation) and should be interpreted differently than outright insider purchases or sales.
Insider Transaction Report
- Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F1][F2][F3]2026-03-27$53.92/sh+1.18$64→ 1,064.16 total→ Common Stock (1.18 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.