On August 4, 2025, Fortrea Holdings Inc. announced the issuance of employment inducement awards to Anshul Thakral, its newly appointed President and Chief Executive Officer, on his official start date. These awards were approved by the independent members of the Board of Directors.
The inducement package includes 1,250,000 performance share units (PSUs) that will vest over a three-year period, subject to the achievement of certain performance goals. Additionally, Mr. Thakral received 1,250,000 restricted stock units (RSUs) that will vest in three equal annual installments from his effective start date.
These awards are designed to align Mr. Thakral's long-term incentives with the company's strategic objectives and shareholder value creation. The grants were made under Fortrea’s 2025 Inducement Award Plan, in accordance with Nasdaq Listing Rules, as a material inducement for his employment.
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