Russell Erin L 4

What Happened
Erin L. Russell (Director) had 23,946 Restricted Stock Units (RSUs) vest and convert into 23,946 shares of Fortrea Holdings Inc. common stock on March 20, 2026. The Form 4 reports the conversion/exercise of the derivative (code M) with an acquisition price of $0.00 — this reflects an RSU settlement (no cash paid by the insider). The filing shows the same 23,946 shares as both acquired (settlement) and disposed as the derivative conversion entry; total cash consideration reported is $0.

Key Details

• Transaction date: March 20, 2026 (reported on Form 4 filed March 24, 2026).
• Shares involved: 23,946 RSUs vested and were converted into 23,946 shares. Reported price: $0.00 (RSU settlement).
• Shares owned after transaction: not specified in the provided summary (see filing/footnote F2 for aggregate holdings).
• Relevant footnotes from the filing:
  • F1: Each RSU converts into one share at settlement; this transaction is settlement of RSUs on their scheduled vesting date.
  • F3: The RSU award vested in its entirety on March 20, 2026.
  • F2/F4: Refer to the filing for the reporting person’s aggregate common stock and RSU holdings.
• Filing remarks: Exhibit 24 referenced.

Context
This was not an open-market purchase or sale but a standard RSU vesting/settlement (derivative conversion). There was no cash paid by the insider and no immediate sale reported on this Form 4. For retail investors, RSU settlements are routine compensation events and do not by themselves indicate a change in insider sentiment; see the full filing for the reporting person's total holdings.