Form 4: Fortrea Holdings Inc. COO Settles Restricted Stock Units
SEC Form 4 Filing
Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc., settled 12,851 Restricted Stock Units (RSUs) for common stock on March 13, 2024.
Summary
- On March 13, 2024, Mark A. Morais, the Chief Operating Officer of Fortrea Holdings Inc., settled 12,851 Restricted Stock Units (RSUs) into shares of common stock.
- The settlement occurred on the scheduled vesting date of the RSUs.
- Following the reported transaction, Morais beneficially owns 87,505 RSUs.
- These remaining RSUs vest in three equal annual installments starting on March 13, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs held by Mark A. Morais will 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.
Stakeholder Impact
- The settlement of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 8, 2023 | Date of execution of the Power of Attorney. |
| March 13, 2024 | Date of RSU settlement. |
| March 13, 2025 | First vesting date of the remaining RSUs in three equal annual installments. |
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