Thomas Pike - Aug 19, 2024 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Role
Chief Executive Officer, Director
Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Thomas Pike
Stock symbol
FTRE
Transactions as of
Aug 19, 2024
Transactions value $
-$1,177,759
Form type
4
Date filed
8/20/2024, 05:34 PM
Previous filing
Jun 4, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTRE Common Stock Options Exercise $0 +126K +217.36% $0.00 184K Aug 19, 2024 Direct F1
transaction FTRE Common Stock Tax liability -$1.18M -52.6K -28.66% $22.39 131K Aug 19, 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 -126K -27.47% $0.00 332K Aug 19, 2024 Common Stock 126K 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, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") Common Stock. This transaction represents the settlement of RSUs 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 The first installment of RSU's vested on August 17, 2024. The second installment will vest on the second anniversary of the date of grant, and the third and final installment will vest 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.