Mulhall Christopher M. 4

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.