Fortive Corp CLO Exercises Options and Sells $3.13M in FTV Stock
Fortive Corporation
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Filing Summary
# Fortive Corp (FTV) Insider Filing Alert
**Insider:** Underwood Peter C (SVP - Chief Legal Officer)
**Transaction Date:** 2026-10-30
**Filing Date:** 2026-11-02
### Transaction Summary
- **Type:** Option Exercise & Sale
- **Shares Sold:** 48,442 @ $64.60 (Weighted Average)
- **Gross Proceeds:** ~$3,129,353.20
- **Option Exercise:** 48,442 shares @ $34.85
- **Remaining Direct Ownership:** 79,118 shares
*Significance: Low (Routine option exercise near expiration)*
Comprehensive Analysis
Executive Summary
On October 30, 2026, Peter C. Underwood, Senior Vice President and Chief Legal Officer of Fortive Corp ($FTV), executed an option exercise and subsequent sale of 48,442 shares of common stock. The transactions resulted in gross disposition proceeds of approximately $3.13 million at a weighted average price of $64.60 per share.
Transaction Details
- Derivative Exercise: Mr. Underwood exercised 48,442 employee stock options at a strike price of $34.85 per share, which were set to expire on February 23, 2027. Following the exercise, 0 options remain under this specific grant.
- Open Market Sale: All 48,442 shares acquired via the option exercise were sold on the open market at prices ranging from $64.550 to $64.740, yielding an average price of $64.60.
- Net Holdings: Following the sale, Mr. Underwood maintains direct ownership of 79,118 shares of Fortive common stock.
Market & Trading Significance
This transaction represents a standard option exercise and sale ahead of the option grant's expiration in February 2027. Because the transaction was an exercise-and-sell pattern and the reporting owner retains a substantial direct stake of 79,118 shares, the market impact and signaling value are considered Low.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.