4//SEC Filing
Pike Thomas 4
Accession 0001127602-25-001230
CIK 0001965040other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 6:08 PM ET
Size
10.1 KB
Accession
0001127602-25-001230
Insider Transaction Report
Form 4
Pike Thomas
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-01-10−40,220→ 291,611 total→ Common Stock (40,220 underlying) - Exercise/Conversion
Common Stock
2025-01-10+40,220→ 171,136 total - Sale
Common Stock
2025-01-13$18.04/sh−11,268$203,275→ 159,868 total
Footnotes (6)
- [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 into Common Stock on their scheduled vesting date.
- [F2]The sales reported on this Form 4 represent shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]This transaction was executed in multiple trades at prices ranging from $17.73 to $18.33. The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]This number reflects the aggregate amount of Common Stock held by the reporting person.
- [F5]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. The second installment of the RSUs vested on January 10, 2025, and the third and final installment will vest on the third anniversary of Mr. Pike's original hiring date.
- [F6]This number reflects the aggregate number of RSUs held by the reporting person.
Documents
Issuer
Fortrea Holdings Inc.
CIK 0001965040
Entity typeother
Related Parties
1- filerCIK 0001471570
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 6:08 PM ET
- Size
- 10.1 KB