Hanson James S. 4/A
4/A · Fortrea Holdings Inc. · Filed Jul 19, 2023
Insider Transaction Report
Form 4/AAmended
Hanson James S.
General Counsel
Transactions
- Award
Restricted Stock Unit
2023-06-30+23,124→ 23,124 total→ Common Stock (23,124 underlying)
Footnotes (3)
- [F1]This Form 4 is amended to reflect the adjusted amount of Restricted Stock Unit ("RSU") issued to the Reporting Person in connection with the finalization of the adjustment ratio calculated pursuant to the terms of the Employee Matters Agreement (the "EMA") by and between Laboratory Corporation of America Holdings ("Labcorp"), and Fortrea Holdings Inc. ("Fortrea").
- [F2]Each RSU represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock.
- [F3]In connection with the spin-off ("Spin-Off") of Fortrea by Labcorp, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. The number of RSUs have been adjusted due to the finalization of the adjustment ratio pursuant to the EMA. The RSUs vest in three equal annual installments beginning on June 1, 2024.