Form 4: Fortrea Holdings CFO Jill G. McConnell Reports Stock Transactions
SEC Form 4 Filing
Jill G. McConnell, CFO of Fortrea Holdings Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 12, 2025, Jill G. McConnell, CFO of Fortrea Holdings Inc., had 935 Restricted Stock Units (RSUs) vest, which converted into 935 shares of Fortrea common stock.
- These RSUs were performance-based and vested upon achievement of certain performance goals.
- On March 13, 2025, McConnell sold 261 shares of Fortrea common stock at a weighted average price of $9.93 per share, with prices ranging from $9.82 to $10.02.
- The sale was mandated by Fortrea's equity incentive plans to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, McConnell directly owns 37,394 shares of Fortrea common stock and 118,407 RSUs.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's transactions related to vested equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the sale of a small number of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Restricted Stock Units (RSUs) vested and converted into common stock. |
| 03/13/2025 | Shares of common stock sold to cover tax withholding obligations. |
| 03/14/2025 | Date of Form 4 filing. |
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