Form 4: Fortive SVP Accrues Deferred Stock Fund Dividends

Fortive Corp's SVP of Strategic & Corporate Development, Jonathan L. Schwarz, reported the accrual of 12.2 notional dividend shares in the company's Executive Deferred Incentive Program.

Summary

• Jonathan L. Schwarz, SVP Strategic & Corp Dev at Fortive Corp, reported a transaction on December 26, 2025.
• The transaction involved the acquisition of 12.2 notional dividend accruals on phantom shares in the Executive Deferred Incentive Program (EDIP) Stock Fund.
• These notional shares are based on the closing price of Fortive's common stock, which was $55.69 on the date of accrual.
• The notional shares convert to common stock on a one-to-one basis.
• Following this transaction, Jonathan L. Schwarz beneficially owns 11,337.46 derivative securities in the EDIP Stock Fund.
• Voluntary contributions to the EDIP Stock Fund vest immediately, while issuer contributions vest 100% upon the earlier of death, retirement (after 5 years of service and age 55), or one-tenth per year after five years of participation.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, pre-scheduled transaction related to executive compensation and dividend accruals, not indicative of significant positive or negative company performance or strategic shifts.

Positives

• The accrual of notional dividends indicates a routine benefit for a senior executive, aligning their interests with shareholder returns through stock-based compensation.

Future Outlook

The filing details future vesting conditions for issuer contributions to the EDIP Stock Fund, including 100% vesting upon death, retirement (after 5 years of service and age 55), or one-tenth per year after five years of participation, with settlement in common stock upon employment termination.

Industry Context

This is a standard executive compensation disclosure, common across publicly traded companies, reflecting the use of deferred incentive programs to align executive interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• Deferred compensation plans like Fortive's Executive Deferred Incentive Program (EDIP) are a common practice in large corporations, similar to those offered by companies such as Danaher Corporation or Illinois Tool Works Inc., which also utilize stock-based incentives for senior management.
• The vesting schedule, which includes immediate vesting for voluntary contributions and performance/time-based vesting for company contributions, is consistent with typical industry standards designed to retain talent and incentivize long-term commitment.

Related Party Transactions

• The transaction involves an executive (Jonathan L. Schwarz) and the company (Fortive Corp) through its Executive Deferred Incentive Program, which is a standard related-party compensation arrangement.

Stakeholder Impact

• Shareholders: The accrual of notional dividends aligns executive interests with shareholder returns, as the value is tied to the company's stock performance.
• Employees: The EDIP is a benefit for senior executives, part of a broader compensation strategy to attract and retain key talent.

Next Steps

• Continued participation in the Executive Deferred Incentive Program (EDIP) by Jonathan L. Schwarz.
• Future vesting of issuer contributions to the EDIP Stock Fund based on specified conditions (death, retirement, or annual participation).
• Settlement of vested EDIP Stock Fund portions in common stock upon termination of employment.

Key Dates

Keywords

Fortive Corp, FTV, Jonathan L. Schwarz, SEC Form 4, Insider Transaction, Executive Compensation, Deferred Incentive Program, Stock Fund, Phantom Shares, Dividend Accrual