Fortrea CEO sells shares to cover RSU taxes
Fortrea Holdings Inc. Chief Executive Officer Anshul Thakral settled 416,666 Restricted Stock Units (RSUs) into an equal number of shares of common stock on August 4, 2026.
Rhea-AI Filing Summary
Fortrea Holdings Inc. Chief Executive Officer Anshul Thakral settled 416,666 Restricted Stock Units (RSUs) into an equal number of shares of common stock on August 4, 2026. Following this settlement, he holds 833,334 RSUs, which vest in three equal annual installments beginning August 4, 2026.
On August 5, 2026, Thakral sold 49,452 shares at a weighted average of $19.0300 and 50,417 shares at a weighted average of $19.2800, totaling 99,869 shares. These mandated “sell to cover” transactions under the issuer’s equity incentive plans funded tax withholding obligations related to the RSU vesting and were not discretionary trades.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Thakral Anshul
Role
Chief Executive Officer
Sold
99,869 shs ($1.91M)
Approx. gross sale proceeds
$1.91M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2, F3, F4 | 49,452 | $19.03 | $941K |
| Sale | Common Stock F2, F5, F4 | 50,417 | $19.28 | $972K |
| Exercise | Restricted Stock Unit F1, F6, F7 | 416,666 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 416,666 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 833,334 contracts (Direct);
Common Stock — 316,797 shares (Direct)
Footnotes (7)
- 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 $18.34 to $19.09. 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. This transaction was executed in multiple trades at prices ranging from $19.09 to $19.71. 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.
- F6. The RSUs vest in three equal annual installments beginning on August 4, 2026.
- F7. This number reflects the aggregate number of RSUs held by the reporting person.
Key Figures
RSUs settled into common stock: 416,666 RSUs
RSUs held after settlement: 833,334 RSUs
Shares sold first tranche: 49452 shares
+4 more
7 metrics
RSUs settled into common stock
416,666 RSUs
RSUs converted to common stock on August 4, 2026
RSUs held after settlement
833,334 RSUs
Aggregate RSUs held by the CEO following the transaction
Shares sold first tranche
49452 shares
Common stock sold on August 5, 2026 at $19.0300 to cover taxes
Weighted average price first tranche
$19.0300 per share
Weighted average sale price for 49,452 shares of common stock
Shares sold second tranche
50417 shares
Common stock sold on August 5, 2026 at $19.2800 to cover taxes
Weighted average price second tranche
$19.2800 per share
Weighted average sale price for 50,417 shares of common stock
Total shares sold
99869 shares
Aggregate shares of common stock sold in sell-to-cover transactions
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, equity incentive plans
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in column 4 above reflects the weighted average price of the shares"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What RSU activity did Fortrea Holdings (FTRE) report for its CEO?
Fortrea reported that CEO Anshul Thakral settled 416,666 RSUs into an equal number of common shares on August 4, 2026. He retained 833,334 RSUs, which are scheduled to vest in three equal annual installments beginning August 4, 2026.
What is the vesting schedule of the CEO’s remaining RSUs at Fortrea (FTRE)?
The remaining 833,334 RSUs held by CEO Anshul Thakral vest in three equal annual installments beginning on August 4, 2026. Each vested RSU entitles him to receive one share of Fortrea common stock at settlement, according to the filing.
Does the Fortrea (FTRE) Form 4 mention a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the footnotes describe the sales as mandatory “sell to cover” tax transactions. The disclosure does not identify these trades as being executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
