Fortive management check
FTV · Industrials · Industrial Machinery & Supplies & Components · CEO Olumide Soroye
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $106, against $190 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.63 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
2.7% of net income$14.4m of reported pay in fiscal 2025, against $532.7m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 1.1 years of payThe CEO holds 254,186 shares, directly or through trusts (unvested awards not counted): about 1.1 years of pay. Light activity: no buys, $3.4m sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.0% a year over the last three fiscal years. Stock-based pay was 2.8% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Lico, Mr. Soroye. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 55 | |
| Pay for performance | 81 | 86 | |
| CEO cost | 14 | 48 | |
| Skin in the game | 37 | 55 | |
| Dilution | 87 | 62 | |
| Stable leadership | 45 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Industrial Machinery & Supplies & Components, by management score. Fortive is 72nd of 81 in its sector.
- 120HUBBHubbell Incorporated75
- 123GWWW. W. Grainger74
- 151PHParker Hannifin72
- 170OTISOtis Worldwide71
- 179SNASnap-on70
- 196DOVDover Corporation69
- 197IRIngersoll Rand69
- 213PNRPentair68
- 286XYLXylem Inc.62
- 293NDSNNordson Corporation62
Pay versus performance
From the proxy statement filed April 29, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Lico, Mr. Soroye | $14.4m | $11.3m | $7.1m | $106 | $190 | $532.7m |
| 2024 | — | $18.3m | $11.9m | $6.6m | $108 | $159 | $832.9m |
| 2023 | — | $17.7m | $25.3m | $6.1m | $105 | $135 | $865.8m |
| 2022 | — | $16.6m | $5.4m | $4.8m | $91 | $114 | $755.2m |
| 2021 | — | $16.6m | $20.8m | $6.7m | $108 | $121 | $608.4m |
The board says pay is tied most to Adjusted EPS. Its other key measures: Core Revenue Growth Rate, Free Cash Flow.
Insiders and the CEO's stake
Olumide Soroye (President & CEO) held 254,186 shares directly after their latest Form 4 on Jul 2, 2026, roughly $15.9m at that filing's price.
Light activity: no buys, $3.4m sold in six months.
- SoldPeter C UnderwoodSVP - Chief Legal Officer$3.4mAug 10, 2026
Leadership and governance on file
- Sep 10, 2026Leadership change8-K 5.02
- Oct 16, 2025Leadership change8-K 5.02
- Jun 30, 2025Leadership change8-K 5.02
- Jun 6, 2025Leadership change8-K 5.02
- Mar 7, 2025Leadership change8-K 5.02
- Feb 26, 2025Leadership change8-K 5.02
- Jan 29, 2025Leadership change8-K 5.02
- Sep 4, 2024Leadership change8-K 5.02
- Apr 26, 2023Leadership change8-K 5.02
- Mar 2, 2023Leadership change8-K 5.02
- Dec 5, 2022Leadership change8-K 5.02
- Jan 28, 2022Leadership change8-K/A 5.02
Latest shareholder vote results: Jun 11, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.7bn returned to owners in buybacks and dividends, 103% of net income, and $472.6m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.3bn | $5.8bn | $3.9bn | $4.1bn | $4.2bn |
| Net income | $608.4m | $755.2m | $865.8m | $832.9m | $532.7m |
| Stock-based pay | $77.4m | $93.8m | $94.5m | $90.1m | $116.8m |
| Buybacks | $0 | $442.9m | $272.9m | $889.6m | $1.6bn |
| Dividends | $97.7m | $99.5m | $102.0m | $111.2m | $92.2m |
| Diluted shares | 352m | 361m | 356m | 353m | 335m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.