Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc. (NASDAQ:FTRE), filed a Form 4 on September 10, 2026, disclosing the settlement of restricted stock units and a related share sale to cover tax withholding obligations on September 8 and 9, 2026.

Key Highlights

  • RSU Settlement: 7,157 restricted stock units vested on September 6, 2026, and were settled into common stock on September 8, 2026, at $0 cost to the reporting person.
  • Shares Sold: 3,149 shares of common stock were sold on September 9, 2026, at a weighted average price of $16.85, with individual trade prices ranging from $16.72 to $17.09.
  • Purpose of Sale: According to the filing, the sales were mandated by the issuer's equity incentive plan to satisfy tax withholding obligations via a "sell to cover" transaction and "do not represent discretionary trades by the Reporting Person."
  • Direct Ownership Following Transactions: Morais directly held 81,794 shares of common stock after the reported transactions.
  • Indirect Ownership: An additional 4,625 shares are held indirectly through a spouse.
  • Remaining RSUs: The reporting person holds 83,525 RSUs in aggregate following the reported transactions.

Fortrea Holdings COO RSU Vesting, Tax-Related Sale, and Beneficial Ownership Details

According to the Form 4 filed with the SEC, Mark A. Morais, who serves as Chief Operating Officer of Fortrea Holdings Inc., reported two transactions in the company's common stock. On September 8, 2026, 7,157 restricted stock units were settled into an equivalent number of common shares at a price of $0, reflecting a scheduled vesting event. The filing states that each RSU "represents the right to receive, at settlement, one share of Fortrea Holdings Inc. Common Stock," and that the RSUs had vested on September 6, 2026.

On September 9, 2026, Morais sold 3,149 shares at a weighted average price of $16.85 per share, with individual trades executed at prices between $16.72 and $17.09. The filing explicitly characterizes these sales as mandated by the issuer's equity incentive plan, noting they represent the satisfaction of tax withholding obligations through a "sell to cover" mechanism rather than discretionary trading. The filing further states that full information on the number of shares and prices will be provided upon request to the SEC staff, the issuer, or a security holder.

Following both transactions, Morais directly owned 81,794 shares of common stock, according to the filing. An additional 4,625 shares are held indirectly through a spouse. The aggregate number of RSUs held by the reporting person following the transactions is listed as 83,525. The Form 4 was signed by Erica Smith-Klocek as Attorney-in-Fact for Mark A. Morais and filed on September 10, 2026.

What Was Disclosed

The filing reported the settlement of 7,157 RSUs into common stock and the subsequent sale of 3,149 shares to satisfy tax withholding obligations, with Morais directly holding 81,794 shares and 83,525 RSUs after the transactions.