Form 4: Fortive Corp Executive Olumide Soroye Reports Changes in Beneficial Ownership

Olumide Soroye, President & CEO of AHS and IOS at Fortive Corp, reports acquisition of notional shares through the Executive Deferred Incentive Program.

Summary

• On March 19, 2025, Olumide Soroye, President & CEO of AHS and IOS at Fortive Corp, acquired 1,495.029 notional shares of Fortive common stock through the Executive Deferred Incentive Program (EDIP).
• These notional shares are linked to the Fortive Stock Fund within the EDIP and convert on a one-to-one basis to common stock.
• The price per notional share was $75.25.
• Following the transaction, Soroye directly owns 6,939.424 derivative securities.
• Soroye immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.
• Vesting of company contributions occurs upon death, retirement after 5 years of service and reaching age 55, or incrementally after 5 years of participation in the EDIP.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to positively as it aligns executive interests with shareholder value. The sentiment is therefore moderately positive.

Positives

• The acquisition of shares through the EDIP aligns Soroye's interests with those of Fortive shareholders.
• Immediate vesting in voluntary contributions provides an incentive for participation in the EDIP.

Industry Context

Executive compensation through stock-based programs is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages among large publicly traded companies.
• Companies like Danaher (DHR), a peer of Fortive, also utilize deferred compensation and stock-based incentive programs for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Deferred Incentive Program, EDIP, Fortive, Soroye, Stock Fund, Notional Shares