Fortrea COO receives RSU and PSU grants
Morais Mark A. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Morais Mark A. reported acquisition or exercise transactions in this Form 4 filing.
Fortrea Holdings Inc. reported that Chief Operating Officer Mark A. Morais received new equity awards in the form of restricted stock units and performance stock units tied to Fortrea common stock. He was granted 52,030 RSUs, each representing one share, vesting in three roughly equal annual installments starting on March 6, 2027. These RSUs bring his aggregate RSU holdings to 131,251 units.
Morais also received 66,667 performance stock units, each representing a contingent right to one share of common stock. These PSUs vest based on Fortrea’s share price reaching specified levels at the end of a three-year performance period and are shown with an expiration date of December 31, 2028, reflecting a long-term, performance-based component of his compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 52,030 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 66,667 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") common stock ("Common Stock").
- F2. The RSUs vest in three substantially equal annual installments beginning on March 6, 2027.
- F3. This number reflects the aggregate number of RSUs held by the reporting person.
- F4. Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of Fortrea Common Stock. The PSUs vest upon the Common Stock achieving specified prices per share at the end of the three-year performance period.
FAQ
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What insider transaction did Fortrea (FTRE) report for its COO?
How many restricted stock units did the Fortrea (FTRE) COO receive?
What are the vesting terms of the Fortrea (FTRE) COO’s RSUs?
How do the Fortrea (FTRE) performance stock units for the COO work?
How many RSUs does the Fortrea (FTRE) COO hold after this Form 4?
Is the Fortrea (FTRE) COO’s Form 4 a stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.