Fortrea Holdings (FTRE) COO Morais sold 4,886 shares for $39.1K at $8.01
Insider transactions reported
Mark A. Morais (Chief Operating Officer at Fortrea Holdings Inc., FTRE) reported that they sold 4,886 shares for $39.1K at $8.01, and acquired 11,312 shares between Aug 18, 2025 and Aug 19, 2025. After these transactions the filing shows 52,975 shares held directly.
- Reporting person
- Morais Mark A.
- Role
- Chief Operating Officer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 18, 2025 | Exercise or conversion of a derivative (M) | Common Stock1 | +11,312 | - | - | 57,861 direct |
| Aug 19, 2025 | Open-market sale (S) | Common Stock2, 3, 4 | -4,886 | $8.01 | $39.1K | 52,975 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 18, 2025 | Exercise or conversion of a derivative (M) | Restricted Stock UnitOn 11,312 Common Stock1, 6, 7 | -11,312 | - | - | 88,632 direct |
Holdings before and after
- Common Stock: 46,549 to 52,975 direct
- Restricted Stock Unit: 99,944 to 88,632 direct
Other positions listed
- Common Stock: 4,625 indirect, Spouse
Footnotes from the filing
- 1. Each Restricted Stock Unit ( RSU ) represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ( Fortrea ) Common Stock. This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date.
- 2. The sales reported on this Form 4 represent shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a sell to cover transaction and do not represent discretionary trades by the Reporting Person.
- 3. This transaction was executed in multiple trades at prices ranging from $7.89 to $8.10. The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- 4. This number reflects the aggregate amount of Common Stock held by the reporting person.
- 5. The balance reflects an indirect interest in 4,625 shares owned by the spouse of the reporting person, whom the reporting person recently married, which were inadvertently omitted from prior filings.
- 6. In connection with the spin-off of Fortrea by Laboratory Corporation of America Holdings ( Labcorp ), RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement. These RSUs vested on August 17, 2025.
- 7. This number reflects the aggregate number of RSUs held by the reporting person.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Morais report in this FTRE Form 4?
Mark A. Morais (Chief Operating Officer at Fortrea Holdings Inc., FTRE) reported that they sold 4,886 shares for $39.1K at $8.01, and acquired 11,312 shares between Aug 18, 2025 and Aug 19, 2025. After these transactions the filing shows 52,975 shares held directly.
How many FTRE shares does Morais hold after this filing?
The filing shows 52,975 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this FTRE insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for FTRE
Earlier insider filings at FTRE
- Aug 20, 2025Chief Financial Officer Mcconnell Jill G. converted options into 11,312 shares and sold $39,137 worth of shares (4,886 units at $8.01), increasing direct ownership by 13% to 54,770 units (SEC Form 4)
- Aug 12, 2025Director Neupert Peter M bought $407,150 worth of shares (62,500 units at $6.51), increasing direct ownership by 175% to 98,132 units (SEC Form 4)
- Aug 4, 2025SEC Form 4 filed by Chief Executive Officer Thakral Anshul
- Jun 13, 2025SEC Form 4 filed by Director Russell Erin L
- Jun 13, 2025SEC Form 4 filed by Director Sanders Machelle
- Market cap
- 30-day
- Sector
- Health Care
- Industry
- Medical Specialities
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