Form 4: Fortrea Holdings Inc. Executive Mark A. Morais Reports Stock Transactions

Chief Operating Officer Mark A. Morais of Fortrea Holdings Inc. reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On February 7, 2025, Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc., had 2,256 Restricted Stock Units (RSUs) vest, which converted into common stock.
• Following the vesting, Mr. Morais sold 773 shares of common stock on February 10, 2025, at a weighted average price of $14.80 per share, with prices ranging from $14.39 to $15.03.
• The sale was mandated by Fortrea's equity incentive plan to cover tax withholding obligations related to the RSU vesting.
• After these transactions, Mr. Morais directly owns 33,214 shares of Fortrea common stock and 62,531 RSUs.
• The RSUs were initially granted by Laboratory Corporation of America Holdings (Labcorp) and converted into Fortrea RSUs following the spin-off, vesting annually.

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 in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.

Key Dates