Mcconnell Jill G. 4

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.