Fortrea Holdings Inc. (FTRE) CEO share sale is tax sell-to-cover
Rhea-AI Filing Summary
Fortrea Holdings Inc. reported that Chief Executive Officer Anshul Thakral sold a total of 111,857 shares of Common Stock on August 6, 2026, at weighted-average prices of $18.17 and $18.06 per share. These mandated “sell to cover” transactions satisfied tax withholding obligations from RSU vesting on August 4, 2026 and are not discretionary trades.
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Insights
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Insider Trade Summary
Net Seller: 111,857 shares
Net Sell
2 txns
Insider
Thakral Anshul
Role
Chief Executive Officer
Sold
111,857 shs ($2.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 55,882 | $18.17 | $1.02M |
| Sale | Common Stock F1, F4, F3 | 55,975 | $18.06 | $1.01M |
Holdings After Transaction:
Common Stock — 204,940 shares (Direct)
Footnotes (4)
- F1. 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. Such vesting occurred on August 4, 2026 and was reported on a Form 4 filed on August 6, 2026. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $18.12 to $18.93. 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.
- F3. This number reflects the aggregate amount of Common Stock held by the reporting person.
- F4. This transaction was executed in multiple trades at prices ranging from $17.86 to $18.12. 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.
Key Figures
Shares sold (first transaction): 55,882 shares
Shares sold (second transaction): 55,975 shares
Total shares sold: 111,857 shares
+3 more
6 metrics
Shares sold (first transaction)
55,882 shares
Common Stock sold on August 6, 2026 at a weighted-average price of $18.17
Shares sold (second transaction)
55,975 shares
Common Stock sold on August 6, 2026 at a weighted-average price of $18.06
Total shares sold
111,857 shares
Aggregate Common Stock sold by CEO Anshul Thakral on August 6, 2026
Price range (first transaction)
$18.12–$18.93
Multiple trades; weighted-average price reported as $18.17 per share
Price range (second transaction)
$17.86–$18.12
Multiple trades; weighted-average price reported as $18.06 per share
RSU vesting date
August 4, 2026
Date RSUs vested, creating tax withholding obligations funded by sell-to-cover sales
Key Terms
sell to cover, RSUs, weighted average price, tax withholding obligations, +1 more
5 terms
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.
RSUs financial
"sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
weighted average price financial
"The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold."
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.
tax withholding obligations financial
"shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs"
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Fortrea (FTRE) report for its CEO?
Fortrea reported that CEO Anshul Thakral sold 111,857 shares of Common Stock on August 6, 2026. The sales were mandated “sell to cover” transactions to fund tax withholding obligations arising from RSU vesting on August 4, 2026, not discretionary trades.
Were the FTRE CEO stock sales discretionary or mandated?
The CEO’s sales were mandated and not discretionary. They were executed as “sell to cover” transactions required under Fortrea’s equity incentive plans to satisfy tax withholding obligations related to the vesting of RSUs on August 4, 2026.
Did the FTRE Form 4 indicate use of a Rule 10b5-1 trading plan?
The Form 4 indicates the trades were not made under a Rule 10b5-1 trading plan. Instead, the sales occurred because Fortrea elected to require sell-to-cover transactions to pay RSU-related tax withholding obligations.