Form 4: Fortrea Holdings Inc. Executive James S. Hanson Reports Changes in Beneficial Ownership

James S. Hanson, General Counsel of Fortrea Holdings Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his holdings of common stock and RSUs.

Summary

• On June 3, 2024, James S. Hanson, General Counsel of Fortrea Holdings Inc., reported changes in his beneficial ownership of the company's securities.
• 7,706 Restricted Stock Units (RSUs) vested, each representing the right to receive one share of Fortrea Holdings Inc. Common Stock.
• Fortrea withheld 2,231 shares of common stock at a price of $24.85 to satisfy tax withholding requirements related to the vesting of the RSUs.
• Following these transactions, Hanson directly owns 5,475 shares of common stock and 24,414 RSUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates