---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-23-000032"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:32:55.358240+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001965040-23-000032
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504023000032/0001965040-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504023000032/ftre-20230817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-23-000032
- JSON: https://secwatch.observer/filing/0001965040-23-000032.json
- Plain text: https://secwatch.observer/filing/0001965040-23-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.