Carrie Elizabeth Russell, Interim Chief Accounting 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 stemming from transactions on September 8 and September 9, 2026.

Key Highlights

  • RSU Settlement: 850 restricted stock units vested on September 6, 2026, and were settled into 850 shares of common stock on September 8, 2026, at a price of $0.
  • Sell-to-Cover Transaction: 246 shares were sold on September 9, 2026, at a weighted average price of $16.85, to satisfy tax withholding obligations.
  • Price Range: The September 9 sale was executed in multiple trades at prices ranging from $16.72 to $17.09 per share.
  • Common Stock Held: Following the reported transactions, Russell directly holds 2,384 shares of common stock.
  • RSUs Remaining: Russell directly holds 14,475 restricted stock units following the reported transactions.
  • Mandated Sale: According to the filing, the share sale was mandated by the issuer's equity incentive plan and "do not represent discretionary trades by the Reporting Person."

RSU Vesting and Tax-Driven Share Disposition by Fortrea's Interim CAO

According to the filing, Carrie Elizabeth Russell, serving as Interim Chief Accounting Officer at Fortrea Holdings Inc., reported two transactions in the company's common stock. On September 8, 2026, 850 restricted stock units were settled into an equivalent number of shares of common stock at a price of $0, reflecting their scheduled vesting date. The filing notes that each RSU "represents the right to receive, at settlement, one share of Fortrea Holdings Inc. Common Stock."

The following day, September 9, 2026, the filing discloses that 246 shares were sold at a weighted average price of $16.85 per share. The filing states these sales were executed in multiple trades at prices ranging from $16.72 to $17.09, and that Russell "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." The filing attributes this sale entirely to the issuer's equity incentive plan requirement, describing it as a "sell to cover" transaction mandated to satisfy tax withholding obligations connected to the RSU vesting.

After both transactions, Russell directly holds 2,384 shares of common stock and 14,475 restricted stock units, according to the filing. The Form 4 was signed by Erica Smith-Klocek as Attorney-in-Fact for Carrie Russell and submitted on September 10, 2026.

What Was Disclosed

The filing reports the settlement of 850 RSUs into common stock and the issuer-mandated sale of 246 shares at a weighted average of $16.85 to cover taxes, leaving Russell with 2,384 shares and 14,475 RSUs directly held.