Fortrea Holdings (FTRE) awards 15,840 RSUs to interim CFO Smith
Rhea-AI Filing Summary
Smith David Ross reported acquisition or exercise transactions in this Form 4 filing.
Fortrea Holdings Inc. director and Interim CFO Smith David Ross reported a grant of 15,840 Restricted Stock Units (RSUs) linked to common stock. Each RSU settles into one share. The award vests in full twelve months after August 03, 2026, subject to continued service, bringing his aggregate RSU holdings to 28,692.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith David Ross
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 15,840 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 28,692 shares (Direct)
Footnotes (3)
- 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. Represents a RSU award that vests in its entirety twelve months after August 03, 2026, subject to the Reporting Person's continued service.
- F3. This number reflects the aggregate number of RSUs held by the reporting person.
Key Figures
RSUs granted: 15,840 RSUs
RSUs following transaction: 28,692 RSUs
Vesting period: twelve months
3 metrics
RSUs granted
15,840 RSUs
Restricted Stock Units awarded to Smith David Ross with transaction date August 03, 2026
RSUs following transaction
28,692 RSUs
Aggregate number of RSUs held by the reporting person after the grant
Vesting period
twelve months
Award vests in its entirety twelve months after August 03, 2026, subject to continued service
Key Terms
Restricted Stock Unit, settlement, continued service
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive one share of 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.
settlement financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share"
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.
continued service financial
"Award vests in its entirety twelve months after August 03, 2026, subject to continued service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Fortrea (FTRE) report for Smith David Ross?
Fortrea (FTRE) reported a grant of 15,840 Restricted Stock Units to director and Interim CFO Smith David Ross. Each RSU represents the right to receive one share of common stock at settlement, increasing his aggregate RSU holdings to 28,692 after the award.
How many Restricted Stock Units were granted to Smith David Ross at Fortrea (FTRE)?
Smith David Ross received a grant of 15,840 Restricted Stock Units (RSUs) from Fortrea. These RSUs are tied to Fortrea common stock and will settle into an equivalent number of shares if and when they vest and are delivered in accordance with the award terms.
When do the RSUs granted to Smith David Ross by Fortrea (FTRE) vest?
The RSU award to Smith David Ross vests in its entirety twelve months after August 03, 2026, subject to his continued service. Full vesting occurs only if he remains in service through that one-year period following the stated August 2026 reference date.
What is Smith David Ross’s total RSU position in Fortrea (FTRE) after this grant?
After the reported grant, Smith David Ross holds an aggregate 28,692 Restricted Stock Units in Fortrea. This figure represents the total number of RSUs beneficially held by him following the new 15,840-unit award disclosed in the Form 4.
Does the Fortrea (FTRE) Form 4 indicate a Rule 10b5-1 trading plan for this RSU grant?
The Form 4 indicates that the Rule 10b5-1 checkbox is not marked as an affirmative plan. The footnotes describe the nature and vesting of the RSUs but do not state that this grant was made pursuant to a Rule 10b5-1 trading arrangement.
Is the RSU grant to Smith David Ross at Fortrea (FTRE) a market purchase or compensation award?
The reported transaction is a grant or award acquisition of RSUs, not a market purchase. It reflects equity-based compensation, with 15,840 RSUs awarded that vest in full twelve months after August 03, 2026, assuming continued service with Fortrea.