Amanda M. Warren - Jul 1, 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
Jul 1, 2023
Transactions value $
-$6,152
Form type
4/A - Amendment
Date filed
8/3/2023, 05:54 PM
Date Of Original Report
Jul 5, 2023
Previous filing
Jul 19, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTRE Common Stock Options Exercise +570 570 Jul 1, 2023 Direct F1, F2
transaction FTRE Common Stock Tax liability -$6.15K -167 -29.3% $36.84 403 Jul 3, 2023 Direct F3

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 Options Exercise $0 -570 -3.03% $0.00 18.3K Jul 1, 2023 Common Stock 570 Direct F2, F4, F5
* 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F1 This Form 4 is amended to reflect a filing originally made on July 5, 2023, which filing was previously amended on July 19, 2023 to reflect amendments to other transactions. The amendments in this filing reflect the amount of Restricted Stock Units ("RSUs") that were settled into shares of common stock and the number of shares of common stock forfeited by the Reporting Person, in each case after taking into account 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") and applicable tax withholding calculations.
F2 Each RSU represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
F3 Shares withheld by Fortrea to satisfy tax withholding requirements on vesting of RSUs.
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 vested in full on July 1, 2023.
F5 This number reflects the aggregate number of RSUs held by the reporting person.