Morais Mark A. 4
4 · Fortrea Holdings Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Fortrea (FTRE) COO Mark Morais Settles RSUs, Sells 1,804 Shares
What Happened
Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc. (FTRE), had 4,284 Restricted Stock Units (RSUs) settle into 4,284 shares on March 13, 2026 (conversion of derivative). A portion of the shares was sold in the open market on March 16, 2026 — 1,804 shares were disposed at a weighted average price of $9.22 for total proceeds of $16,633. The sale was a sell-to-cover to satisfy tax withholding obligations and not reported as a discretionary sale.
Key Details
- Transaction dates: RSU settlement/conversion on 2026-03-13; open-market sale on 2026-03-16. Filing date: 2026-03-17. No late filing indicated in this summary.
- Sale details: 1,804 shares sold; weighted average price $9.22; proceeds $16,633. Reported execution prices ranged $9.03–$9.41 (F3).
- RSU settlement: 4,284 RSUs converted to common shares on vesting (F1). The RSUs vest in three substantially equal annual installments beginning March 13, 2025 (F5).
- Reason for sale: Sell-to-cover for tax withholding mandated by issuer election under equity plans (non-discretionary) (F2).
- Shares owned after transaction: Aggregate post-transaction holdings are referenced in the Form 4 filing (not specified here) (F4, F6).
Context
RSU settlement means the derivative (RSU) converted into actual shares at vesting; this is not an options exercise for cash. The reported sale was a routine sell-to-cover to satisfy tax withholding and should not be read as an independent vote of confidence or lack thereof by the insider. For full details (exact post-transaction holdings, trade-by-trade prices), consult the Form 4 filing (Accession: 0001965040-26-000050).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-13+4,284→ 71,703 total - Sale
Common Stock
[F2][F3][F4]2026-03-16$9.22/sh−1,804$16,633→ 69,899 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5][F6]2026-03-13−4,284→ 113,001 total→ Common Stock (4,284 underlying)
- 4,625(indirect: By Spouse)
Common Stock
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") common stock ("Common Stock"). This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date.
- [F2]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.
- [F3]This transaction was executed in multiple trades at prices ranging from $9.03 to $9.41. 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.
- [F4]This number reflects the aggregate amount of Common Stock held by the reporting person.
- [F5]The RSUs vest in three substantially equal annual installments beginning on March 13, 2025.
- [F6]This number reflects the aggregate number of RSUs held by the reporting person.