Fortrea (FTRE) director boosts equity stake with RSU exercise and new 12,852-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortrea Holdings Inc. director Machelle Sanders increased her equity stake through routine equity compensation activity. She exercised 38,817 Restricted Stock Units (RSUs) into the same number of Common Stock shares and now directly holds 46,099 Common Stock shares. She also received a new grant of 12,852 RSUs that will convert into Common Stock after a one-year vesting period, contingent on continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
38,817 shares exercised/converted
Mixed
3 txns
Insider
SANDERS MACHELLE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 38,817 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 12,852 | $0.00 | -- |
| Exercise | Common Stock | 38,817 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Common Stock — 46,099 shares (Direct, null)
Footnotes (1)
- 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. This number reflects the aggregate amount of Common Stock held by the reporting person. Represents an RSU award that vested in its entirety on June 10, 2026. Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") common stock ("Common Stock"). Represents a RSU award that vests in its entirety twelve months after June 10, 2026, subject to the Reporting Person's continued service as a director. This number reflects the aggregate number of RSUs held by the reporting person.
Key Figures
RSUs exercised: 38,817 units
Common shares held: 46,099 shares
New RSU grant: 12,852 units
+3 more
6 metrics
RSUs exercised
38,817 units
RSUs converted into Common Stock on June 10, 2026
Common shares held
46,099 shares
Direct Common Stock ownership following transactions
New RSU grant
12,852 units
RSU award vesting twelve months after June 10, 2026
RSUs outstanding
12,852 units
Aggregate RSUs held after grant
Exercise transactions
1 transaction, 38,817 shares
Derivative exercise/conversion events in summary
Acquire-type transactions
3 transactions
All reported transactions classified as acquisitions
Key Terms
Restricted Stock Unit, RSU award, settlement, derivative security, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc."
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.
RSU award financial
"Represents a RSU award that vests in its entirety twelve months after June 10, 2026, subject to the Reporting Person's continued service as a director."
settlement financial
"Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting date financial
"This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date."
FAQ
What did Fortrea (FTRE) director Machelle Sanders report on this Form 4?
Machelle Sanders reported routine equity compensation activity. She exercised 38,817 Restricted Stock Units into Common Stock and received a new grant of 12,852 RSUs, increasing her direct equity exposure to Fortrea through stock ownership and unvested RSUs.
What Restricted Stock Unit activity did Fortrea (FTRE) disclose for Machelle Sanders?
One RSU award of 38,817 units fully vested and was settled into the same number of Common Stock shares. Separately, Sanders received a new 12,852-unit RSU award that vests in full twelve months after June 10, 2026, subject to continued service as a director.
Were there any open-market stock purchases or sales by Machelle Sanders in this Fortrea (FTRE) Form 4?
No open-market purchases or sales were reported. All transactions involved the exercise and settlement of Restricted Stock Units into Common Stock and the grant of a new RSU award, which are standard equity compensation mechanisms rather than market trades.
When do the newly granted Fortrea (FTRE) RSUs to Machelle Sanders vest?
The newly granted 12,852 Restricted Stock Units vest in their entirety twelve months after June 10, 2026. Vesting is conditioned on Machelle Sanders’ continued service as a director, after which each RSU will settle into one share of Fortrea common stock.
What does each Fortrea (FTRE) Restricted Stock Unit represent for Machelle Sanders?
Each Fortrea Restricted Stock Unit represents the right to receive one share of common stock at settlement. Upon vesting, RSUs convert into an equivalent number of common shares, aligning director compensation with shareholder interests through direct stock ownership.