Soroye Olumide 4
4 · Fortive Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Fortive (FTV) CEO Soroye Olumide Receives 13.27-Share Award
What Happened
Soroye Olumide, President & CEO and Director of Fortive Corp (FTV), was credited with a derivative award of 13.27 notional shares on March 27, 2026. The filing reports a per-share reference price of $53.92, giving a notional value of approximately $716. This transaction is an award/acquisition of phantom (notional) shares under Fortive’s Executive Deferred Incentive Program (EDIP), not an open-market purchase or sale of actual shares.
Key Details
- Transaction date: 2026-03-27; Report filed: 2026-03-31 (filed within the usual 2-business-day reporting window).
- Transaction type: A = Award/Grant (derivative/notional shares).
- Amount credited: 13.27 notional shares at $53.92 per share (notional value ≈ $716).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes of note:
- F1: These are notional dividend accruals on phantom shares in the EDIP Stock Fund; number based on NYSE close on the credit date.
- F2: Notional shares convert on a one-to-one basis to actual shares.
- F3: Voluntary contributions vest immediately; employer contributions vest per the EDIP schedule and vested amounts are settled in common stock upon termination.
Context
This was a derivative award (notional/phantom shares) credited under the company’s deferred incentive plan. Such credits reflect compensation/deferral mechanics rather than an open-market signal of buying or selling. The notional shares are documented to convert 1:1 to Fortive common stock and vest according to the EDIP rules, so vested amounts ultimately result in actual shares. The reported dollar amount is small (~$716), typical for routine dividend accruals or small periodic awards.
Insider Transaction Report
- Award
Executive Deferred Incentive Program - Fortive Stock Fund
[F1][F2][F3]2026-03-27$53.92/sh+13.27$716→ 11,941.67 total→ Common Stock (13.27 underlying)
Footnotes (3)
- [F1]The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
- [F2]The notional shares convert on a one-to-one basis.
- [F3]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.