Fortrea COO Mark Morais Receives RSUs, Sells 3,149 Shares

What Happened
Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc. (FTRE), had 7,157 Restricted Stock Units (RSUs) convert into common stock (no cash cost) and then sold 3,149 shares in an open-market "sell-to-cover" transaction. The sale generated approximately $53,061 at a weighted average price of $16.85 per share. The RSUs vested on September 6, 2026 and were settled/converted on September 8, 2026.

Key Details

• Transaction types: M (exercise/conversion of derivative/RSU settlement) and S (open-market sale).
• Dates: RSUs vested Sept 6, 2026 (footnote F5); settlement/conversion reported Sept 8, 2026; sale executed Sept 9, 2026. Form 4 filed Sept 10, 2026 (appears timely).
• Sale price: weighted avg $16.85; executed in multiple trades at $16.72–$17.09 (footnote F3).
• Amounts: 7,157 shares transferred from RSU settlement; 3,149 shares sold for ~$53,061.
• Reason for sale: shares sold to cover tax withholding obligations as required by the issuer's sell-to-cover election (footnote F2). These sales are not discretionary trades by the insider.
• Shares held after transaction: not specified in the filing (see footnote F4). Aggregate RSU holdings prior to settlement referenced in footnote F6.

Context

• This was a routine RSU vesting and mandatory sell-to-cover for tax withholding, not an independent market-timing sale. The derivative entry (M) reflects conversion/settlement of RSUs into common stock; a portion of those shares were then sold to meet tax obligations.