Fortrea grants CEO Thomas Pike $20M equity award; mix changed to 50/50 RSUs and options

Fortrea Holdings Inc.

Grant date fair value of $20M: 377,074 RSUs plus options on 799,272 shares at $26.52.
Board changed award mix from 30% RSUs/70% options (per employment agreement) to 50% RSUs/50% options.
Awards vest in three equal installments over 3 years (first anniversary, second anniversary, Jan 9, 2026).
Initial Equity Grant satisfies Section 4(b)(iii) of the CEO's employment agreement with Labcorp assigned at spinoff.
RSU award agreement (Ex-10.1) and option agreement (Ex-10.2) filed as exhibits.

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