Fortrea (FTRE) director Peter Neupert settles 148,536 RSUs into common stock

Rhea-AI Filing Summary

Fortrea Holdings Inc. director Peter M. Neupert reported a routine equity compensation event. On May 14, 2026, he settled 148,536 Restricted Stock Units into the same number of shares of Fortrea common stock on their scheduled vesting date. Following this vesting and conversion, he holds an aggregate of 246,668 shares of common stock directly. The filing reflects an exercise/conversion of RSUs rather than an open-market purchase or sale.

Insider Trade Summary

148,536 shares exercised/converted

Mixed 2 txns

Insider NEUPERT PETER M

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	148,536	$0.00	--
Exercise	Common Stock	148,536	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 246,668 shares (Direct, null)

Footnotes (1)

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 May 14, 2026.

Key Figures

RSUs settled: 148,536 units Shares received: 148,536 shares Holdings after transaction: 246,668 shares +1 more

4 metrics

RSUs settled 148,536 units Restricted Stock Units vested and settled on May 14, 2026

Shares received 148,536 shares Common stock issued upon RSU settlement on May 14, 2026

Holdings after transaction 246,668 shares Aggregate common stock held directly after RSU conversion

Exercise/settlement price $0.00 per unit RSUs settled with stated price per share of 0.0000

Key Terms

Restricted Stock Unit, Common Stock, vesting date, derivative security

4 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. common stock."

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.

Common Stock financial

"This number reflects the aggregate amount of Common Stock held by the reporting person."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

vesting date financial

"This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date."

derivative security financial

"Transaction code M is described as an 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NEUPERT PETER M

(Last) (First) (Middle)

8 MOORE DRIVE

(Street)

DURHAM NORTH CAROLINA 27713

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fortrea Holdings Inc. [ FTRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		M		148,536	A	$0(1)	246,668(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	05/14/2026		M			148,536	(3)	(3)	Common Stock	148,536	$0	0	D

Explanation of Responses:

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.

2. This number reflects the aggregate amount of Common Stock held by the reporting person.

3. Represents an RSU award that vested in its entirety on May 14, 2026.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Erica Smith-Klocek, Attorney-in-Fact for Peter M. Neupert	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Fortrea (FTRE) director Peter M. Neupert report?

Peter M. Neupert reported a routine equity compensation event. He settled 148,536 Restricted Stock Units into 148,536 shares of Fortrea common stock upon vesting, converting derivative awards into direct share ownership without an open-market trade.

How many Fortrea (FTRE) shares does Peter M. Neupert hold after this Form 4?

After the RSU vesting and conversion, Peter M. Neupert holds 246,668 shares of Fortrea common stock. This total represents his aggregate direct holdings as disclosed in the filing’s footnote, following the settlement of 148,536 Restricted Stock Units into common shares.

Were the Fortrea (FTRE) transactions by Peter M. Neupert open-market buys or sells?

No, the transactions were not open-market buys or sells. They reflect the settlement of 148,536 Restricted Stock Units into common stock on a scheduled vesting date, classified as an exercise or conversion of derivative securities, not a discretionary trade.

What type of securities were converted in Peter M. Neupert’s Fortrea (FTRE) Form 4?

The filing shows Restricted Stock Units being converted. Each RSU represented the right to receive one share of Fortrea common stock at settlement, and 148,536 RSUs vested and settled into an equal number of common shares on May 14, 2026.

Did any Restricted Stock Units remain unvested for Peter M. Neupert at Fortrea (FTRE)?

The reported RSU award vested in its entirety on May 14, 2026. The derivative position tied to this specific 148,536-unit award dropped to zero, indicating that particular RSU grant was fully settled into common stock as of the vesting date.