Form 4: Fortrea Holdings Inc. Director David Ross Smith Reports Stock Transactions
SEC Form 4 Filing
Director David Ross Smith reports the vesting and settlement of restricted stock units (RSUs) into Fortrea Holdings Inc. common stock, along with shares withheld for tax obligations.
Summary
- On May 14, 2025, David Ross Smith, a director of Fortrea Holdings Inc., had 7,282 Restricted Stock Units (RSUs) vest and settle into common stock.
- These RSUs converted into 7,282 shares of Fortrea common stock at a price of $0 per share.
- Fortrea withheld 2,185 shares to satisfy tax withholding requirements at a price of $4.78 per share.
- Following these transactions, Smith directly owns 9,544 shares of Fortrea common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
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 transaction affects the director's personal holdings and potentially signals alignment with company performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of RSU settlement and tax withholding. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Fortrea Holdings Inc., David Ross Smith, Director, Stock, Restricted Stock Units, RSU, Beneficial Ownership, Tax Withholding
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