Morais Mark A. 4

What Happened
Mark A. Morais, Chief Operating Officer of Fortrea Holdings (FTRE), had 13,966 restricted stock units (RSUs) settle into common shares on March 9, 2026. To satisfy tax-withholding obligations tied to the vesting, he sold a total of 4,599 shares in open-market transactions on March 10, 2026, for aggregate proceeds of approximately $41,713 (2,299 shares at a weighted avg $8.93 = $20,530; 2,300 shares at a weighted avg $9.21 = $21,183). The RSU settlement itself is recorded as an exercise/conversion-type transaction with $0 cash paid by the reporting person.

Key Details

• Transaction dates: RSU settlement/exercise on 2026-03-09; share sales on 2026-03-10. Form filed 2026-03-11 (timely).
• Sales prices: first block weighted avg $8.93 (trades ranged $8.72–$9.03); second block weighted avg $9.21 (trades ranged $9.04–$9.90).
• Shares sold: 4,599 shares; gross proceeds ≈ $41,713.
• Nature of sales: Sell-to-cover for tax withholding (issuer-mandated), not discretionary trades by the reporting person (footnote F2).
• RSU schedule: these RSUs vested March 7, 2026; a second installment is scheduled to vest March 7, 2027 (footnote F6).
• Aggregate holdings: the filing references aggregate common stock and RSU totals (footnotes F4 and F7); specific post-transaction total not provided here.
• No 10b5-1 plan or late filing noted in this Form 4.

Context
This was a routine RSU vesting and required sell-to-cover for taxes — common practice that does not necessarily signal insider sentiment about the company. Technically the RSUs were converted into shares (derivative exercise/settlement) and a portion of those shares were sold immediately to fund withholding; the remaining vested shares were retained. If you want exact trade-by-trade prices or the reporting person’s total holdings after the transactions, the filer has offered to provide full trade details upon request (per footnotes).