Thomas Pike - 30 Jun 2023 Form 4/A - Amendment Insider Report for Fortrea Holdings Inc. (FTRE)

Role
Chief Executive Officer
Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Thomas Pike
Issuer symbol
FTRE
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
19 Jul 2023, 16:59:56 UTC
Date Of Original Report
05 Jul 2023
Previous filing
09 Jun 2023
Next filing
21 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 +120,668 $0.000000 120,668 30 Jun 2023 Common Stock 120,668 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amended Form 4 adjusts the number of Restricted Stock Unit ("RSU") issued to the Reporting Person due to the finalization of the adjustment ratio 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 finalization of the adjustment ratio pursuant to the EMA. The RSUs vest in three equal annual installments beginning on January 9, 2024.