Fortrea (FTRE) CAO awarded 22,893 RSUs, boosting total to 90,614
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parks Robert reported acquisition or exercise transactions in this Form 4 filing.
Fortrea Holdings Inc. reported that Chief Accounting Officer Robert Parks received a grant of 22,893 Restricted Stock Units (RSUs) tied to Fortrea common stock. Each RSU represents one future share, and they vest in three substantially equal annual installments beginning on March 6, 2027. Following this compensation award, Parks holds an aggregate 90,614 RSUs, aligning his incentives with the company’s long-term performance rather than reflecting any open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parks Robert
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 22,893 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 90,614 shares (Direct)
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"). The RSUs vest in three substantially equal annual installments beginning on March 6, 2027. This number reflects the aggregate number of RSUs held by the reporting person.
FAQ
What did Fortrea (FTRE) Chief Accounting Officer Robert Parks report on this Form 4?
Robert Parks reported receiving a grant of 22,893 Restricted Stock Units. These RSUs are a form of equity compensation that convert into Fortrea common shares at settlement, increasing his total RSU holdings to 90,614 units after the grant.
Is the Fortrea (FTRE) Form 4 transaction a stock buy or sell by Robert Parks?
The Form 4 shows an RSU grant, not an open-market buy or sell. The 22,893 Restricted Stock Units were awarded as compensation at a price of $0.0000, so no cash stock purchase or sale occurred in the market.
How do the new Fortrea (FTRE) RSUs for Robert Parks vest over time?
The 22,893 RSUs vest in three substantially equal annual installments. Vesting begins on March 6, 2027, meaning portions of the award will become earned each year, encouraging longer-term alignment with Fortrea’s performance and employee retention.
What is the total Fortrea (FTRE) RSU position held by Robert Parks after this filing?
After the reported RSU grant, Robert Parks holds an aggregate 90,614 Restricted Stock Units. This total reflects all RSUs currently credited to him, as stated, and indicates a meaningful equity-linked component in his overall compensation package at Fortrea.
What does each Fortrea (FTRE) Restricted Stock Unit granted to Robert Parks represent?
Each Restricted Stock Unit represents the right to receive one share of Fortrea common stock at settlement. This means the 22,893 RSUs could ultimately convert into 22,893 shares, subject to the vesting schedule and other standard conditions described in the award.