Lassiter Wright III 4
4 · Fortive Corp · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) Director Lassiter Wright Receives RSU Awards
What Happened
- Lassiter Wright III, a director of Fortive Corp (FTV), was granted a total of 5,275 restricted stock units (RSUs) on June 9, 2026. The grants break down as: 3,350 Annual Grant RSUs (reported with $0 value on the form) and 1,925 Deferral RSUs valued at $59.78 each for a total of $115,077. Transaction code: A (award/grant). This is a grant (neither an open-market purchase nor a sale).
Key Details
- Transaction date: June 9, 2026; Form filed June 11, 2026 (timely filing).
- Prices/values: Deferral RSUs based on a 20-day average price of $59.78 → 1,925 RSUs = $115,077; Annual Grant RSUs reported at $0 on the form.
- Total RSUs granted: 5,275.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Vesting/issuance: Both RSU grants vest on the earlier of the first anniversary of the grant date or the Issuer’s 2027 annual meeting. Per the filing, underlying shares will not be issued until the earlier of the director’s death or the third year following his retirement from the Board.
- Notes: Deferral RSUs reflect a deferral election of $115,000 in cash retainer converted to RSUs. Both awards are payable solely in common stock and thus reported in Table I.
Context
- These are equity awards (RSUs) typical for director compensation; they are not sales or purchases that directly signal immediate buying or selling of shares. The deferral feature delays issuance of underlying shares until specified post-retirement/death events, which is a common tax/compensation planning mechanism.
Insider Transaction Report
Form 4
Fortive CorpFTV
Lassiter Wright III
Director
Transactions
- Award
Common Stock
[F1]2026-06-09+3,350→ 23,831.75 total - Award
Common Stock
[F2]2026-06-09$59.78/sh+1,925$115,077→ 25,756.75 total
Footnotes (2)
- [F1]On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as the annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but, based on the election of the Reporting Person, the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer.
- [F2]On June 9, 2026, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $59.78, pursuant to deferral election made by the Reporting Person of $115,000 in annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2027 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the third year following the Reporting Person's retirement from the Board of Directors of the Issuer.
Signature
Daniel B. Kim, as attorney-in-fact|2026-06-11