Mark A. Morais - Mar 4, 2024 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Role
Chief Operating Officer
Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Mark A. Morais
Stock symbol
FTRE
Transactions as of
Mar 4, 2024
Transactions value $
-$163,315
Form type
4
Date filed
3/6/2024, 06:40 PM
Previous filing
Feb 13, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTRE Common Stock Options Exercise $0 +15.4K +205.24% $0.00 22.9K Mar 4, 2024 Direct F1
transaction FTRE Common Stock Tax liability -$163K -4.45K -19.47% $36.70 18.4K Mar 4, 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 -15.4K -17.07% $0.00 74.7K Mar 4, 2024 Common Stock 15.4K 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"), performance awards granted by Labcorp in 2021 for the three-year performance period through December 31, 2023 were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement. These RSUs vested on March 4, 2024.
F5 This number reflects the aggregate number of RSUs held by the reporting person.