How Thakral was paid
$11.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Anshul ThakralChief Executive Officer | $401,923 | $10,479,169 | $687,500 | $15,891 | $11,584,483 |
| Jill McConnellChief Financial Officer | $506,577 | $862,994 | $295,202 | $16,100 | $1,680,873 |
| Mark MoraisChief Operating Officer; President, Clinical Services | $506,577 | $804,121 | $295,202 | $10,888 | $1,616,788 |
| Thomas PikeFormer Chief Executive Officer | $465,385 | — | — | $7,326,338 | $7,791,722 |
| Peter NeupertInterim Chief Executive Officer | $389,423 | $710,000 | — | $45,838 | $1,145,261 |
What changed and why
- $11.6MAnshul Thakral was appointed Chief Executive Officer effective August 4, 2025, receiving total compensation of $11,584,483.
- $7.3MThomas Pike served as CEO until May 13, 2025, and received $7,318,116 in cash severance upon his departure.
- $1.1MPeter Neupert acted as Interim CEO from May 13, 2025, to August 4, 2025, earning $1,145,261 in total compensation.
- The ratio of the CEO's annualized compensation to the median employee's compensation was 196:1.
- Fortrea’s annual bonus awards for 2025 were paid out in restricted stock units rather than cash for executive officers.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.