Form 4: Fortrea Holdings CFO Jill G. McConnell Reports Share Settlement
SEC Form 4 Filing
Jill G. McConnell, CFO of Fortrea Holdings Inc., reports the settlement of restricted stock units (RSUs) into shares of common stock on March 13, 2024.
Summary
- On March 13, 2024, Jill G. McConnell, Chief Financial Officer of Fortrea Holdings Inc., reported a transaction involving the settlement of Restricted Stock Units (RSUs).
- The transaction resulted in the acquisition of 12,851 shares of Fortrea common stock.
- These RSUs represent the right to receive one share of Fortrea Holdings Inc. common stock upon settlement.
- The reported transaction was the settlement of RSUs in shares of Common Stock on their scheduled vesting date.
- Following the reported transaction, McConnell beneficially owns 86,750 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The RSUs vest in three equal annual installments beginning on March 13, 2025.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| June 7, 2023 | Date of execution of the Power of Attorney. |
| March 13, 2024 | Date of the reported transaction: settlement of Restricted Stock Units (RSUs). |
| March 13, 2025 | Beginning date of the three equal annual installments for RSU vesting. |
| March 15, 2024 | Date of signature of the report. |
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