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

Olumide Soroye, President & CEO of IOS at Fortive Corp, reports acquisition of derivative securities through dividend accruals in the Executive Deferred Incentive Program.

Summary

• On March 28, 2024, Olumide Soroye, President & CEO of IOS at Fortive Corp, reported changes in beneficial ownership.
• The changes involve the acquisition of 3.8 derivative securities related to the Executive Deferred Incentive Program (EDIP) Fortive Stock Fund.
• These securities represent notional dividend accruals on phantom shares, with each share valued at $86.02.
• Soroye directly owns 5,427.3 derivative securities following the reported transaction.
• The notional shares convert on a one-to-one basis into Fortive's common stock.
• Vesting in the Issuer's contributions to the EDIP Stock Fund occurs 100% upon death or retirement after 5 years of service and reaching age 55, or one-tenth per year of participation following five years of participation.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine executive compensation practices.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and ownership.

Key Dates