Amanda M. Warren - 01 Jul 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: 01 Jul 2023
Net transactions value: -$6,152
Form type: 4/A - Amendment
Filing time: 03 Aug 2023, 17:54:52 UTC
Date Of Original Report: 05 Jul 2023
Previous filing: 19 Jul 2023
Next filing: 05 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTRE	Common Stock	Options Exercise		+570			570	01 Jul 2023	Direct	F1, F2
transaction	FTRE	Common Stock	Tax liability	$6,152	-167	-29%	$36.84	403	03 Jul 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%	$0.000000	18,265	01 Jul 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F1	This Form 4 is amended to reflect a filing originally made on July 5, 2023, which filing was previously amended on July 19, 2023 to reflect amendments to other transactions.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.