Mcconnell Jill G. 4
4 · Fortrea Holdings Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Fortrea (FTRE) CFO Jill McConnell Settles 4,284 RSUs, Sells 1,804
What Happened Jill G. McConnell, Chief Financial Officer of Fortrea Holdings (FTRE), had 4,284 restricted stock units (RSUs) settle into common shares on March 13, 2026 (recorded as an exercise/conversion of a derivative at $0.00). To cover tax withholding related to that vesting, 1,804 shares were sold in open-market trades on March 16, 2026 at a weighted average price of $9.22, generating approximately $16,633 in proceeds. These transactions are routine settlement and tax-withholding actions rather than discretionary open-market selling.
Key Details
- RSU settlement: 4,284 RSUs converted to Common Stock on 2026-03-13 (reported as M code, $0.00 exercise price). (See footnote F1, F5.)
- Sell-to-cover: 1,804 shares sold on 2026-03-16 at a weighted avg price of $9.22; proceeds ≈ $16,633. Trades executed at prices ranging $9.03–$9.41. (Footnotes F2, F3.)
- Holdings after transaction: aggregate common stock and RSU holdings are reported in the filing (see footnotes F4 and F6 for totals).
- Filing timeliness: Form 4 was filed 2026-03-17; given the transaction dates (3/13 and 3/16) the filing appears to be within the required two-business-day window.
Context The M-coded entries reflect RSU settlement (conversion of award into shares), and the sale was a "sell-to-cover" to satisfy tax withholding obligations under the company's equity plan — a standard administrative step that does not necessarily indicate a change in insider conviction. For retail investors, purchases or discretionary sales tend to be more informative; this filing documents routine vesting and tax-related selling.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-13+4,284→ 74,080 total - Sale
Common Stock
[F2][F3][F4]2026-03-16$9.22/sh−1,804$16,633→ 72,276 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5][F6]2026-03-13−4,284→ 151,847 total→ Common Stock (4,284 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") common stock ("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 $9.03 to $9.41. 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]The RSUs vest in three substantially equal annual installments beginning on March 13, 2025.
- [F6]This number reflects the aggregate number of RSUs held by the reporting person.