Thomas Pike - 09 Jan 2024 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
09 Jan 2024
Net transactions value
-$400,914
Form type
4
Filing time
11 Jan 2024, 18:12:47 UTC
Previous filing
04 Dec 2023
Next filing
04 Mar 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 $0 +40,220 +201% $0.000000 60,220 09 Jan 2024 Direct F1
transaction FTRE Common Stock Tax liability $400,914 -12,393 -21% $32.35 47,827 09 Jan 2024 Direct F2, 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 -40,220 -8.1% $0.000000 457,522 09 Jan 2024 Common Stock 40,220 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") Common Stock. This transaction represents the settlement of RSUs in shares of Common Stock on their scheduled vesting date.
F2 Shares withheld by Fortrea to satisfy tax withholding requirements on vesting of RSUs.
F3 This number reflects the aggregate amount of Common Stock held by the reporting person.
F4 In connection with the spin-off of Fortrea by Laboratory Corporation of America Holdings ("Labcorp"), RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement. An annual installment of the RSUs vested on January 9, 2024.
F5 This number reflects the aggregate number of RSUs held by the reporting person.