Fortive Corp·4

Feb 26, 5:43 PM ET

Soroye Olumide 4

Research Summary

AI-generated summary

Updated

Fortive CEO Soroye Olumide Receives RSU Award; 16,092 Shares Withheld

What Happened

  • Soroye Olumide, President & CEO and a director of Fortive (FTV), was awarded 3,759 "Additional RSUs" on February 24, 2026. Those RSUs are reported as an acquisition (award) with no cash price (N/A).
  • On the same date 16,092 shares were surrendered/ disposed to satisfy tax withholding obligations at $57.68 per share, totaling $928,187 (coded as F — payment of exercise price or tax liability). This withholding relates to the distribution of shares underlying previously vested performance stock awards and is a routine tax-related disposition, not an open-market sale.

Key Details

  • Transaction date: February 24, 2026; Form 4 filed February 26, 2026.
  • Awarded: 3,759 Additional RSUs (acquisition; price N/A).
  • Withheld/Disposed: 16,092 shares at $57.68 each, total value $928,187 (code F).
  • Shares owned after transaction: Not specified in the provided filing data.
  • Footnotes of note:
    • The Additional RSUs were earned after the Compensation Committee determined performance criteria were met (F1).
    • Additional RSUs convert to common shares on a 1:1 basis (F2).
    • The 16,092-share disposition is aggregate withholding to cover taxes on previously vested performance awards (F3).
  • Filing timeliness: Filed two days after the transaction date; no late-filing flag indicated in the provided data.

Context

  • These transactions reflect an earned performance award (the grant of Additional RSUs) combined with routine tax withholding. The awarded RSUs remain subject to time-based vesting, so they are not immediately tradable shares.
  • Tax-withholding dispositions (code F) are common when companies distribute shares from vested awards — they are administrative and do not necessarily indicate management buying or selling stock for investment reasons.