Form 4 for FTRE Fortrea Holdings Inc.
Accepted 2023-07-05 00:00:00 ET · period of report 2023-06-30 · accession 0001127602-23-020282 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-05 | 2023-07-03 | FTRE | Warren Amanda M. | CAO | F - Tax | $36.84 | -149 | 361 | -29% | -$5,489 |
| D | 2023-07-05 | 2023-07-01 | FTRE | Warren Amanda M. | CAO | M - OptEx | — | +510 | 510 | New | — |
| DM | 2023-07-05 | 2023-06-30 | FTRE | Warren Amanda M. | CAO | A - Grant | $0.00 | +16.9K | 16.9K | New | $0 |
| D | 2023-07-05 | 2023-07-01 | FTRE | Warren Amanda M. | CAO | M - OptEx | $0.00 | -510 | 16.4K | -3% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-07-03 | F | D | 149 | $36.84 | 361 | D | — | — | |
| 2 | Common | Common Stock | 2023-07-01 | M | A | 510 | — | 510 | D | — | — | (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. |
| 3 | Derivative | Restricted Stock Unit | 2023-06-30 | A | A | 937 | $0.00 | 937 | D | — · — to — | 937 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F3) In connection with the spin-off ("Spin-Off") of Fortrea Holdings Inc. ("Fortrea") by Laboratory Corporation of America Holdings ("Labcorp"), RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement by and between Labcorp and Fortrea (the "EMA"). Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs will vest in full on February 2, 2024. |
| 4 | Derivative | Restricted Stock Unit | 2023-06-30 | A | A | 1,911 | $0.00 | 2,848 | D | — · — to — | 1,911 Common Stock | (F5) This number reflects the aggregate number of Restricted Stock Units held by the reporting person. (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F4) In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs will vest in two annual installments on February 11 of each of 2024 and 2025. |
| 5 | Derivative | Restricted Stock Unit | 2023-06-30 | A | A | 3,185 | $0.00 | 6,033 | D | — · — to — | 3,185 Common Stock | (F5) This number reflects the aggregate number of Restricted Stock Units held by the reporting person. (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F6) In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs vest in three equal annual installments beginning on February 7, 2024. |
| 6 | Derivative | Restricted Stock Unit | 2023-06-30 | A | A | 10,319 | $0.00 | 16,352 | D | — · — to — | 10,319 Common Stock | (F5) This number reflects the aggregate number of Restricted Stock Units held by the reporting person. (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F7) In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs vest in three equal annual installments beginning on June 1, 2024. |
| 7 | Derivative | Restricted Stock Unit | 2023-06-30 | A | A | 510 | $0.00 | 16,862 | D | — · — to — | 510 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F8) In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs vested in full on July 1, 2023. |
| 8 | Derivative | Restricted Stock Unit | 2023-07-01 | M | D | 510 | $0.00 | 16,352 | D | — · — to — | 510 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Fortrea Holdings Inc. Common Stock. (F8) In connection with the Spin-Off, RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the EMA. Amounts are estimates pending finalization of the adjustment ratio pursuant to the EMA. The RSUs vested in full on July 1, 2023. |