SANDERS MACHELLE 4
Research Summary
AI-generated summary
Fortrea (FTRE) Director Machelle Sanders Receives RSUs/Vests
What Happened
Machelle Sanders, a director of Fortrea Holdings Inc., had RSUs vest and settle into common stock on June 10, 2026: 38,817 RSUs were converted to shares (acquired) and the filing records a matching disposition of 38,817 derivative shares on the same date. No cash changed hands for these entries (price reported $0.00). In the same filing she was granted 12,852 RSUs that vest in full 12 months after June 10, 2026, subject to continued service.
Key Details
- Transaction date(s): June 10, 2026. Report filed June 12, 2026 (within the Form 4 two-business-day window).
- Prices reported: $0.00 per share for all entries (RSU settlement/award).
- Shares: 38,817 RSUs settled into common stock and 38,817 shares were concurrently recorded as disposed; 12,852 RSUs newly awarded and scheduled to vest 12 months later.
- Footnotes: F1/F4 — each RSU converts to one share at settlement; F3 — the 38,817 RSU award vested in full on June 10, 2026; F5 — the 12,852 RSU award vests in full 12 months later; F2/F6 reference aggregate holdings (exact post-transaction totals not provided in the excerpt).
- Filing timeliness: Filed timely (not marked late).
Context
These entries reflect equity compensation activity (RSU vesting and a new RSU grant), not an open‑market buy or a discretionary sale. The immediate disposal of the same 38,817 shares is recorded in the filing but the document does not state the reason; filings like this frequently reflect share surrender or transfer to satisfy tax withholding or settlement mechanics. The 12,852‑RSU award is time‑based and contingent on continued service through the 12‑month vesting period.
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