Thomas Pike - 17 Aug 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
Issuer symbol
FTRE
Transactions as of
17 Aug 2023
Net transactions value
$0
Form type
4
Filing time
21 Aug 2023, 16:40:00 UTC
Previous filing
19 Jul 2023
Next filing
23 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 Non-Qualified Stock Options Award $0 +799,272 $0.000000 799,272 17 Aug 2023 Common Stock 799,272 $26.52 Direct F1, F2
transaction FTRE Restricted Stock Unit Award $0 +377,074 +312% $0.000000 497,742 17 Aug 2023 Common Stock 377,074 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.