Soroye Olumide 4
4 · Fortive Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) CEO Soroye Olumide Receives RSUs; Sells 10,940 Shares
What Happened
- Soroye Olumide, President & CEO and a director of Fortive (FTV), received equity awards and had shares withheld to cover taxes. On 2026-02-27 Olumide had 10,940 shares disposed (withheld) at $59.20 per share to satisfy tax withholding ($647,648). On 2026-03-02 the Compensation Committee granted 68,685 time‑based RSUs (payable one‑for‑one in common shares) and an award of 2,406.97 derivative shares valued at $58.58 each (total ~$141,000).
Key Details
- Transactions and prices:
- 2026-02-27: 10,940 shares disposed (F — tax withholding) @ $59.20 = $647,648.
- 2026-03-02: 68,685 RSU award (A) — no per‑share cash price (payable 1:1 in common stock).
- 2026-03-02: 2,406.97 derivative shares (A) @ $58.58 = $141,000.
- Shares owned following the reported transactions: not disclosed in the provided filing data.
- Footnotes: F1–F3: the 10,940 disposal was withholding related to RSU vesting; the 68,685 RSUs are time‑based and payable one‑for‑one in common stock. F4–F6 describe EDIP (deferred compensation) mechanics and vesting for notional shares.
- Filing timeliness: Report filed 2026-03-03 for transactions on 2026-02-27 and 2026-03-02; filing appears timely under Form 4 rules.
Context
- The RSU grants are acquisitions/awards (not open‑market purchases) and vest based on time — they do not reflect an immediate market buy signal. The 10,940‑share sale was a routine tax‑withholding disposition connected to RSU vesting (transaction code F), not an open‑market sale for investment purposes. The derivative shares relate to Fortive’s Executive Deferred Incentive Program and convert on a one‑to‑one basis to common stock per the footnotes.
Insider Transaction Report
Form 4
Fortive CorpFTV
Soroye Olumide
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
[F1]2026-02-27$59.20/sh−10,940$647,648→ 189,278 total - Award
Common Stock
[F2][F3]2026-03-02+68,685→ 257,963 total - Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F4][F5][F6]2026-03-02$58.58/sh+2,406.97$141,000→ 11,928.39 total→ Common Stock (2,406.97 underlying)
Footnotes (6)
- [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 (the "Committee") 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]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.
- [F5]The notional shares convert on a one-to-one basis.
- [F6]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.
Signature
Daniel B. Kim, as attorney-in-fact|2026-03-03