secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001193125-25-048954
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Fortive appoints Mark Okerstrom as CFO effective March 24, 2025; McLaughlin retires
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- Mark Okerstrom named SVP & CFO, effective March 24, 2025, succeeding Charles McLaughlin who retires but remains through Dec 2025.
- Okerstrom previously at Bain & Company and Advent International; former Expedia CFO/CEO (2011–2019) and President/COO of Convoy.
- Compensation: $800k base salary, 125% target bonus, $2.5M cash sign-on (two installments), $10M one-time equity, $6M annual equity.
- One-time equity: 50% PSUs (3-year performance + 1-year hold), 25% stock options, 25% RSUs (both vest 50% at year 3 and 4).
- Sign-on awards include a make-whole payment for forfeited compensation from previous position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000119312525048954/0001193125-25-048954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000119312525048954/d940041d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-048954

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