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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/28/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1659166 |
| Issuer Name: Fortive Corp |
| Issuer Trading Symbol: FTV |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1876361 |
| | Owner Name: Soroye Olumide |
| Reporting Owner Address: |
| | Owner Street 1: 6920 SEAWAY BLVD |
| | Owner Street 2: |
| | Owner City: EVERETT |
| | Owner State: WA |
| | Owner ZIP Code: 98203 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: President & CEO of IOS |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Executive Deferred Incentive Program - Fortive Stock Fund |
| | | Footnote ID: F1 |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 5 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: E |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 3.8 |
| | | Transaction Price Per Share: |
| Value: 86.02 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3.8 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,427.3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - 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. |
| Footnote - F2: The notional shares convert on a one-to-one basis. |
| Footnote - 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. |
| Remarks: |
| Owner Signature: |
| Signature Name: Daniel B. Kim, as attorney-in-fact |
| Signature Date: 3/29/24 |
