Amanda M. Warren - 30 Jun 2023 Form 4/A - Amendment Insider Report for Fortrea Holdings Inc. (FTRE)

Role
Chief Accounting Officer
Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Amanda M. Warren
Issuer symbol
FTRE
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
19 Jul 2023, 16:55:15 UTC
Date Of Original Report
05 Jul 2023
Previous filing
03 Jul 2023
Next filing
03 Aug 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTRE Restricted Stock Unit Award $0 +1,046 $0.000000 1,046 30 Jun 2023 Common Stock 1,046 Direct F1, F2, F3
transaction FTRE Restricted Stock Unit Award $0 +3,558 +112% $0.000000 6,739 30 Jun 2023 Common Stock 3,558 Direct F1, F2, F4, F5
transaction FTRE Restricted Stock Unit Award $0 +2,135 +204% $0.000000 3,181 30 Jun 2023 Common Stock 2,135 Direct F1, F2, F5, F6
transaction FTRE Restricted Stock Unit Award $0 +11,526 +171% $0.000000 18,265 30 Jun 2023 Common Stock 11,526 Direct F1, F2, F5, F7
transaction FTRE Restricted Stock Unit Award $0 +570 +3.1% $0.000000 18,835 30 Jun 2023 Common Stock 570 Direct F1, F2, F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is amended to reflect the adjusted amount of Restricted Stock Units ("RSUs") issued to the Reporting Person in connection with the final adjustment ratio calculated pursuant to the terms of the Employee Matters Agreement (the "EMA") by and between Laboratory Corporation of America Holdings ("Labcorp") and Fortrea Holdings Inc. ("Fortrea").
F2 Each RSU represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock.
F3 In connection with the spin-off ("Spin-Off") of Fortrea by Labcorp, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The number of RSUs have been adjusted due to the February 2, 2024.
F4 In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The RSUs vest in three equal annual installments beginning on February 7, 2024.
F5 This number reflects the aggregate number of Restricted Stock Units held by the reporting person.
F6 In connection with the Spin-Off of Fortrea by Labcorp, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The RSUs will vest in two annual installments on February 11 of each of 2024 and 2025.
F7 In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The RSUs vest in three equal annual installments beginning on June 1, 2024.
F8 In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The RSUs vested in full on July 1, 2023.