Form 4: Fortrea Holdings CFO Jill G. McConnell Reports Stock Transactions

Jill G. McConnell, CFO of Fortrea Holdings Inc., reports the vesting and settlement of restricted stock units and shares withheld for tax obligations.

Summary

• On August 19, 2024, Jill G. McConnell, Chief Financial Officer of Fortrea Holdings Inc., reported transactions involving Fortrea's common stock.
• 11,312 Restricted Stock Units (RSUs) vested and were settled, resulting in the issuance of 11,312 shares of common stock.
• Fortrea withheld 4,972 shares to satisfy tax withholding requirements related to the vesting of the RSUs at a price of $22.39.
• Following these transactions, McConnell directly owns 33,222 shares of Fortrea common stock and 64,438 RSUs.
• The first installment of RSU's vested on August 17, 2024.
• The second and third installments will vest on the second and third anniversaries of the date of grant, respectively.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The second and third installments of the reported RSU's will vest on the second and third anniversaries of the date of grant, respectively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates activity related to equity compensation for Fortrea's CFO.

Key Dates