NEUPERT PETER M 4

What Happened
Peter Neupert, a director of Fortrea Holdings Inc., had 148,536 Restricted Stock Units (RSUs) vest on May 14, 2026. The RSUs were converted/settled into 148,536 shares of Fortrea common stock at $0.00 per share (the RSUs vested and were issued as shares rather than purchased). The filing shows the RSU settlement (conversion of the derivative) but does not report a cash purchase or an open‑market sale of the resulting shares.

Key Details

• Transaction date: May 14, 2026. Report filed: May 18, 2026 (appears filed 4 days after the transaction; may be late relative to the typical 2-business-day Form 4 deadline).
• Transaction type/code: RSU settlement / exercise/conversion of a derivative (Code M per Form 4 lines).
• Shares involved: 148,536 shares converted/issued; price shown $0.00 per share (RSU settlement).
• Shares owned after transaction: Not specified in the provided filing excerpt (the filing includes a footnote referencing aggregate holdings but the total was not included here).
• Footnotes: F1 explains each RSU converts to one share at settlement; F3 confirms the RSU award vested in full on May 14, 2026; Exhibit 24 (Power of Attorney) is attached.

Context
This was a scheduled equity award vesting (an award being settled), not an open‑market purchase or sale. Such vesting events are routine compensation-related transactions and do not by themselves signal a buy or sell decision by the insider. The filing does not show an immediate sale of the shares after settlement.