Morais Mark A. 4

What Happened Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc. (FTRE), received equity awards on March 6, 2026 consisting of 52,030 restricted stock units (RSUs) and 66,667 performance stock units (PSUs). Both grants were reported as derivative awards at a $0 per-share acquisition price (total reported value at grant = $0). These are compensation grants (not open-market purchases or sales).

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely filing).
• Awards: 52,030 RSUs (F1) and 66,667 PSUs (F4) — total 118,697 units.
• Price: $0.00 per unit (standard for stock-based compensation grants).
• Vesting/conditions:
  • RSUs vest in three substantially equal annual installments beginning March 6, 2027 (F2).
  • PSUs vest only if Fortrea common stock meets specified price targets at the end of a three-year performance period (F4).
• Shares owned after transaction: Not specified in the provided excerpt; footnote F3 notes an aggregate RSU count is reported where applicable.
• Transaction code: A = Award/Grant (derivative equity awards, not purchases or sales).

Context RSUs represent the right to receive one share upon vesting; PSUs are contingent on performance goals and may not convert into shares unless targets are met. Grants at $0 are typical for employee compensation and are generally used for retention/incentive purposes rather than indicating an immediate personal market investment. This filing reports compensation awards rather than insider buying or selling.