Fortrea Holdings (FTRE) officer lines up $89K stock sale tied to tax on vested shares
Rhea-AI Filing Summary
Fortrea Holdings Inc. (FTRE) reported that officer Jill G. Mcconnell filed a notice under Rule 144 for a proposed sale of company common stock. The notice covers 4,892 shares of common stock, with an indicated aggregate value of $88,975.21. The shares relate to restricted stock vesting on August 17, 2026, received from the issuer as compensation. A remark states that the sale includes an amount necessary to cover a tax obligation from settlement of a vested equity award distribution. In the prior three months, Mcconnell reported a separate sale of 4,866 shares for $75,364.61. Common shares outstanding for this class are listed as 95,100,000, as context.
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Key Figures
Shares proposed to be sold: 4,892 shares
Aggregate value of proposed sale: $88,975.21
Shares sold in prior 3 months: 4,866 shares
+3 more
6 metrics
Shares proposed to be sold
4,892 shares
Fortrea common stock covered by the Form 144 notice
Aggregate value of proposed sale
$88,975.21
Associated with the 4,892 shares of Fortrea common stock
Shares sold in prior 3 months
4,866 shares
Sale by Jill G. Mcconnell on 06/02/2026
Aggregate value of prior sale
$75,364.61
Common stock sold on 06/02/2026
Shares outstanding
95,100,000 shares
Common stock of the same class listed in the notice
Date of notice
08/19/2026
Filing date of the Form 144 notice
Key Terms
Rule 144, restricted stock vesting, attorney-in-fact, vested equity award distribution
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 08/17/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Jill G. Mcconnell."
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
vested equity award distribution financial
"resulting from the settlement of a vested equity award distribution."
FAQ
What does the Form 144 filing for FTRE by Jill G. Mcconnell disclose?
It discloses a proposed sale of 4,892 shares of Fortrea (FTRE) common stock under Rule 144, tied to restricted stock vesting compensation. It also notes a prior three-month sale of 4,866 shares for $75,364.61.
What prior FTRE stock sales by Jill G. Mcconnell are reported in this Form 144?
The filing reports that on June 2, 2026, Mcconnell sold 4,866 shares of Fortrea common stock for an aggregate amount of $75,364.61. These are sales in the three months preceding the notice, as required by Rule 144.
Why does the FTRE Form 144 mention tax obligations for Jill G. Mcconnell?
The remarks state the sale includes an amount necessary to cover a tax obligation arising from settlement of a vested equity award distribution. This links the planned sale of 4,892 shares to taxes triggered by restricted stock vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.