Fortrea (FTRE) director converts 23,946 RSUs into common stock in scheduled vest

Rhea-AI Filing Summary

Fortrea Holdings Inc. director Erin L. Russell reported a routine equity compensation event involving restricted stock units. On March 20, 2026, Russell exercised 23,946 Restricted Stock Units, receiving 23,946 shares of Fortrea common stock upon their scheduled vesting. Following this settlement, Russell directly holds 33,800 shares of common stock and 38,817 RSUs, representing her ongoing equity stake in the company through both shares and unvested units.

Insider Trade Summary

23,946 shares exercised/converted

Mixed 2 txns

Insider Russell Erin L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	23,946	$0.00	--
Exercise	Common Stock	23,946	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 38,817 shares (Direct); Common Stock — 33,800 shares (Direct)

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 a RSU award that vested in its entirety on March 20, 2026. This number reflects the aggregate number of RSUs held by the reporting person.

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^*

Russell Erin L

(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)
03/20/2026

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	03/20/2026		M		23,946	A	$0(1)	33,800(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)	03/20/2026		M			23,946	(3)	(3)	Common Stock	23,946	$0	38,817(4)	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 a RSU award that vested in its entirety on March 20, 2026.

4. This number reflects the aggregate number of RSUs held by the reporting person.

Remarks:

Exhibit 24

	/s/ Erica Smith-Klocek, Attorney-in-Fact for Erin L. Russell	03/24/2026
	** 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 Erin L. Russell report?

Erin L. Russell reported exercising 23,946 Restricted Stock Units that converted into 23,946 shares of Fortrea common stock. This was a scheduled vesting event, reflecting routine equity compensation rather than an open-market purchase or sale of shares.

Did Erin L. Russell buy or sell Fortrea (FTRE) shares on the market?

The filing shows no open-market buys or sells. Russell’s Form 4 reports a derivative exercise, where 23,946 Restricted Stock Units vested and converted into 23,946 common shares at a price of $0.00 per share, consistent with equity award settlement.

How many Fortrea (FTRE) shares does Erin L. Russell hold after this Form 4?

After the reported transactions, Russell directly holds 33,800 shares of Fortrea common stock. The filing also shows 38,817 Restricted Stock Units outstanding, giving her additional future rights to receive common shares as those RSUs vest over time.

What are Restricted Stock Units (RSUs) in the Fortrea (FTRE) filing?

In this context, each RSU represents the right to receive one share of Fortrea common stock at settlement. The Form 4 states the reported transaction reflects RSUs settling into common shares on their scheduled vesting date, as part of Russell’s compensation package.

Was the Fortrea (FTRE) RSU vesting a one-time or scheduled event?

The Form 4 notes that the RSU award vested in its entirety on March 20, 2026, and that the transaction represents settlement on the scheduled vesting date. This indicates a planned vesting event rather than an opportunistic trade based on market conditions.