Soroye Olumide 4
Research Summary
AI-generated summary
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.