Labcorp Holdings Inc. - Jun 20, 2023 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Role
10%+ Owner
Signature
/s/ Sandra D. van der Vaart, Executive Vice President, Chief Legal Officer and Corporate Secretary
Stock symbol
FTRE
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/21/2023, 04:42 PM
Previous filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTRE Common Stock Other $0 -100 -100% $0.00* 0 Jun 20, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Labcorp Holdings Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the spin-off of Fortrea Holdings Inc. ("Fortrea") by Laboratory Corporation of America Holdings ("Labcorp"), (a) Fortrea will convert the outstanding shares of Fortrea common stock currently held by Labcorp into 88,765,089 shares of Fortrea common stock and (b) Labcorp will distribute all of the outstanding shares of Fortrea common stock held by Labcorp to Labcorp common stockholders as of the record date, which was the close of business on June 20, 2023 (the "Record Date"). For each share of Labcorp common stock held on the Record Date, Labcorp will distribute one share of Fortrea common stock.