Form 4: Fortrea Holdings Inc. Executive James S. Hanson Reports Stock Transactions
SEC Form 4 Filing
General Counsel James S. Hanson reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- James S. Hanson, General Counsel of Fortrea Holdings Inc., reported transactions involving the company's common stock.
- On March 13, 2025, 2,998 restricted stock units (RSUs) vested and were converted into common stock.
- On March 14, 2025, Hanson sold 1,007 shares of common stock at a weighted average price of $9.70 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Hanson directly owns 9,466 shares of common stock and 60,661 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Restricted Stock Units vested and converted into common stock |
| 03/14/2025 | Shares of common stock sold to cover tax withholding obligations |
| 03/17/2025 | Date of Form 4 filing |
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