Mulhall Christopher M. 4
4 · Fortive Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) VP Christopher Mulhall Receives RSU Awards; Shares Withheld
What Happened
- Christopher M. Mulhall, Vice President and Chief Accounting Officer of Fortive (FTV), received time‑based RSU awards effective March 2, 2026 and had shares withheld to satisfy tax withholding related to vested RSUs. The filing shows awards of 9,272 RSUs and 5,839 RSUs (total 15,111 RSUs; payable 1-for-1 in common stock) and the acquisition of 975.15 and 660.64 notional/derivative shares valued at $58.58 each (total value reported $57,124 and $38,700, respectively; combined $95,824). On February 27, 2026 Mulhall (or his plan-related withholding) disposed of 1,021 shares and 340 shares at $59.20 per share to cover tax obligations, totaling $60,443 and $20,128 (aggregate $80,571).
Key Details
- Transaction dates and amounts:
- 2026-02-27: Withholding dispositions — 1,021 shares @ $59.20 = $60,443; 340 shares @ $59.20 = $20,128 (Code F: tax withholding).
- 2026-03-02: Awards/acquisitions — 9,272 RSUs (N/A price), 5,839 RSUs (N/A), 975.15 derivative shares @ $58.58 = $57,124, 660.64 derivative shares @ $58.58 = $38,700.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Withholding of shares to satisfy tax obligations on RSU vesting.
- F2–F5: RSU awards are time‑based and payable 1:1 in common stock (plan statement dated Feb 28, 2026).
- F6–F9: The derivative/notional shares relate to the Executive Deferred Incentive Program (EDIP); notional shares are based on the closing NYSE price and convert 1:1 to stock under plan rules.
- F4: Some RSUs were awarded to the reporting person’s spouse (also reported).
- Filing timeliness: Report filed 2026-03-03; filing appears timely based on transaction dates.
Context
- The dispositions on 2/27 are tax‑withholding transactions (Code F) tied to RSU vesting/distribution — a routine administrative sale rather than an open‑market directional sale by the insider.
- The March 2 entries are awards and EDIP-related notional share credits (Code A). RSU awards and EDIP credits are compensatory (not purchases) and reflect compensation or deferred compensation mechanics rather than an investment decision.
- These entries do not by themselves indicate a bullish or bearish signal; routine withholding and grant entries are common following vesting or annual/periodic awards.
Insider Transaction Report
Form 4
Fortive CorpFTV
Mulhall Christopher M.
VP - Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-27$59.20/sh−1,021$60,443→ 43,119 total - Tax Payment
Common Stock
[F1]2026-02-27$59.20/sh−340$20,128→ 11,472 total(indirect: By Spouse) - Award
Common Stock
[F2][F3]2026-03-02+9,272→ 52,391 total - Award
Common Stock
[F4][F3]2026-03-02+5,839→ 17,311 total(indirect: By Spouse) - Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F6][F7][F8]2026-03-02$58.58/sh+975.15$57,124→ 6,328.79 total→ Common Stock (975.15 underlying) - Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F6][F7][F9]2026-03-02$58.58/sh+660.64$38,700→ 1,688.39 total(indirect: By Spouse)→ Common Stock (660.64 underlying)
Holdings
- 535(indirect: By 401 (k))
Common Stock
[F5] - 868(indirect: By Spouse)
Common Stock
[F5]
Footnotes (9)
- [F1]This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of Restricted Stock Units ("RSUs").
- [F2]The Compensation Committee of the Issuer awarded the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions.
- [F3]RSUs are payable in shares of common stock on a one-to-one basis.
- [F4]The Compensation Committee of the Issuer awarded the Spouse of the Reporting Person RSUs, effective March 2, 2026, that are subject only to time-based vesting provisions.
- [F5]Based on plan statement dated as of February 28, 2026.
- [F6]Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
- [F7]The notional shares convert on a one-to-one basis.
- [F8]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.
- [F9]The Spouse of the Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Spouse of the Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the death of the Spouse of the Reporting Person', 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|2026-03-03