Mark A. Morais - 03 Jun 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
Issuer symbol
FTRE
Transactions as of
03 Jun 2024
Net transactions value
-$105,712
Form type
4
Filing time
03 Jun 2024, 19:01:36 UTC
Previous filing
15 Mar 2024
Next filing
20 Aug 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 +11,000 +60% $0.000000 29,406 03 Jun 2024 Direct F1
transaction FTRE Common Stock Tax liability $105,712 -4,254 -14% $24.85 25,152 03 Jun 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 -11,000 -13% $0.000000 76,505 03 Jun 2024 Common Stock 11,000 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 contingent right to receive one share of Fortrea Holdings Inc. Common Stock.
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. These RSUs vested on June 1, 2024.
F5 This number reflects the aggregate number of RSUs held by the reporting person.