Fortive (FTV) CFO Mark Okerstrom granted RSUs and EDIP stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortive Corp SVP and CFO Mark D. Okerstrom reported equity compensation awards. He acquired 41,210 shares of common stock at no cost through a grant of restricted stock units effective March 2, 2026. He also acquired 1,843.63 notional shares in the Executive Deferred Incentive Program’s Fortive Stock Fund at a reference price of $58.58 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Okerstrom Mark D
Role
SVP - Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 1,843.63 | $58.58 | $108K |
| Grant/Award | Common Stock | 41,210 | $0.00 | -- |
Holdings After Transaction:
Executive Deferred Incentive Program - Fortive Stock Fund — 3,354.41 shares (Direct);
Common Stock — 138,581 shares (Direct)
Footnotes (1)
- The Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs"), effective March 2, 2026, that are subject only to time-based vesting provisions. RSUs are payable in shares of common stock on a one-to-one basis. 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. The notional shares convert on a one-to-one basis. 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.
FAQ
What insider transactions did Fortive (FTV) report for Mark D. Okerstrom?
Fortive reported that SVP and CFO Mark D. Okerstrom acquired equity awards on March 2, 2026. He received 41,210 shares of common stock via restricted stock units and 1,843.63 notional shares in the Executive Deferred Incentive Program’s Fortive Stock Fund.
What is the Executive Deferred Incentive Program (EDIP) stock fund at Fortive (FTV)?
Fortive’s EDIP stock fund credits deferred compensation into unfunded, notional shares based on the NYSE closing price of Fortive common stock. These notional shares convert one-to-one into common stock, subject to the vesting and settlement provisions described in the program.
What are the vesting terms for Fortive (FTV) EDIP contributions for the CFO?
The reporting person immediately vests in 100% of each voluntary contribution to the EDIP stock fund. Employer contributions vest upon specified events, including death, qualifying retirement after age 55 with sufficient service, or gradually after extended participation, with settlement in Fortive common stock upon employment termination.
How are Fortive (FTV) restricted stock units (RSUs) for the CFO structured?
The Compensation Committee awarded RSUs effective March 2, 2026, that are subject only to time-based vesting. Each RSU is payable in one share of Fortive common stock, aligning the CFO’s compensation with the company’s equity over the vesting period.