Amanda M. Warren - Jun 30, 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
Stock symbol
FTRE
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
7/19/2023, 04:55 PM
Date Of Original Report
Jul 5, 2023
Previous filing
Jul 3, 2023
Next filing
Aug 3, 2023

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 +1.05K $0.00 1.05K Jun 30, 2023 Common Stock 1.05K Direct F1, F2, F3
transaction FTRE Restricted Stock Unit Award $0 +3.56K +111.85% $0.00 6.74K Jun 30, 2023 Common Stock 3.56K Direct F1, F2, F4, F5
transaction FTRE Restricted Stock Unit Award $0 +2.14K +204.11% $0.00 3.18K Jun 30, 2023 Common Stock 2.14K Direct F1, F2, F5, F6
transaction FTRE Restricted Stock Unit Award $0 +11.5K +171.03% $0.00 18.3K Jun 30, 2023 Common Stock 11.5K Direct F1, F2, F5, F7
transaction FTRE Restricted Stock Unit Award $0 +570 +3.12% $0.00 18.8K Jun 30, 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.