Mcconnell Jill G. 4

What Happened Jill G. McConnell, Chief Financial Officer of Fortrea Holdings, received equity awards on March 6, 2026. The Form 4 reports the grant/acquisition (code A) of 88,450 restricted stock units (RSUs) and 66,667 performance stock units (PSUs) at an acquisition price of $0.00 — these are derivative awards (rights to receive shares in the future), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-03-06; Form 4 filed 2026-03-10 (filed within the SEC’s two-business-day window).
• Awards: 88,450 RSUs and 66,667 PSUs — total 155,117 units reported.
• Price: $0.00 (no cash paid; awards granted as compensation).
• Vesting/conditions:
  • RSUs: each converts to one share at settlement; vest in three substantially equal annual installments beginning March 6, 2027 (footnotes F1–F2).
  • PSUs: contingent rights to receive one share each, vesting only if Fortrea’s common stock meets specified price targets at the end of a three‑year performance period (footnote F4).
• Shares owned after the grant: the filing does not specify total common stock owned outright after these grants; one footnote indicates the RSU line reflects the aggregate RSUs held by the reporting person (footnote F3).
• Filing timeliness: filing appears timely (not marked late).

Context These awards are compensation grants (derivative securities) typically used to retain executives and align pay with long‑term performance. RSUs generally convert to shares over a time schedule (time‑based vesting); PSUs depend on achieving performance targets and may never convert if conditions aren’t met. Because no shares were sold or purchased on the open market, this filing reflects grant of future equity rather than an immediate buying or selling signal.