Thomas Pike - Aug 17, 2023 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Role
Chief Executive Officer
Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Thomas Pike
Stock symbol
FTRE
Transactions as of
Aug 17, 2023
Transactions value $
$0
Form type
4
Date filed
8/21/2023, 04:40 PM
Previous filing
Jul 19, 2023
Next filing
Aug 23, 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 Non-Qualified Stock Options Award $0 +799K $0.00 799K Aug 17, 2023 Common Stock 799K $26.52 Direct F1, F2
transaction FTRE Restricted Stock Unit Award $0 +377K +312.49% $0.00 498K Aug 17, 2023 Common Stock 377K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Employee stock option (right to buy) granted pursuant to the Fortrea Holdings Inc. 2023 Omnibus Incentive Plan.
F2 The Options will vest in three equal installments, with the first and second installments vesting on the first and second anniversary of the date of grant, respectively, and the third installment vesting on the third anniversary of Mr. Pike's original hiring date.
F3 Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock.
F4 The RSUs will vest in three equal installments, with the first and second installments vesting on the first and second anniversary of the date of grant, respectively, and the third installment vesting on the third anniversary of Mr. Pike's original hiring date.
F5 This number reflects the aggregate number of RSUs held by the reporting person.