Form 4: Fortrea Holdings Inc. Director Peter M. Neupert Reports Stock Unit Vesting
SEC Form 4 Filing
Director Peter M. Neupert reports vesting of restricted stock units and subsequent ownership of Fortrea Holdings Inc. common stock.
Summary
- On July 18, 2024, Peter M. Neupert, a director of Fortrea Holdings Inc., reported the vesting of 6,354 Restricted Stock Units (RSUs).
- These RSUs converted into 6,354 shares of Fortrea Holdings Inc. common stock.
- Following the transaction, Neupert directly owns 28,350 shares of common stock and 7,282 RSUs.
- The reported transaction was executed under Transaction Code M, indicating the vesting of derivative securities.
- James Stillman Hanson, acting as Attorney-in-Fact, signed the Form 4 on behalf of Peter M. Neupert on July 19, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction (vesting of stock units). It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Date of execution of Power of Attorney, granting authority to James Stillman Hanson and Erica Smith-Klocek to act on behalf of Peter M. Neupert for SEC filings. |
| July 18, 2024 | Date of transaction: vesting of 6,354 Restricted Stock Units (RSUs) into common stock. |
| July 19, 2024 | Date of Form 4 filing. |
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