Mcconnell Jill G. 4

What Happened
Jill G. McConnell, Chief Financial Officer of Fortrea Holdings Inc. (FTRE), had 11,006 restricted stock units (RSUs) settle into common shares on June 1, 2026. To cover tax withholding associated with the vesting, she sold 4,866 shares in an open-market "sell-to-cover" transaction on June 2, 2026 for total proceeds of approximately $75,374 (weighted average price $15.49).

Key Details

• Transaction dates: RSU settlement on 2026-06-01; shares sold on 2026-06-02. Form filed 2026-06-03 (timely).
• Sale details: 4,866 shares disposed; weighted average sale price $15.49; price range $15.04–$15.69 across multiple trades; proceeds ≈ $75,374.
• RSU settlement: 11,006 RSUs converted to common stock (reported as derivative conversion with $0 exercise price).
• Reason for sale: Sell-to-cover tax withholding required under the issuer’s equity plan (not a discretionary sale).
• Footnotes: RSUs originated from Labcorp conversion in the Fortrea spin-off and vested on June 1, 2026. The filer can provide full trade-by-trade prices on request.
• Aggregate holdings: The Form 4 includes aggregate share and RSU totals in footnotes (specific totals not provided in this summary).

Context
This was a routine RSU vesting and corresponding sell-to-cover for taxes—not a buy or a voluntary sale that necessarily signals a change in insider sentiment. The derivative code (M) reflects conversion/exercise of award units into shares; because these were RSUs, there was no cash exercise price.