Form 4: CRA International CEO Paul Maleh Reports Acquisition of New Restricted Stock Units

CRA International's President and CEO, Paul A. Maleh, reported the acquisition of new Restricted Stock Units on June 13, 2025, alongside his existing significant holdings of common stock and stock options.

Summary

• Paul A. Maleh, President and CEO, and a Director of CRA International, Inc. (CRAI), filed a Form 4 detailing changes in his beneficial ownership.
• On June 13, 2025, Mr. Maleh acquired a total of 59.4654 Restricted Stock Units (RSUs).
• These newly acquired RSUs have various vesting schedules, with the earliest vesting on March 10, 2026, and others vesting in annual installments beginning April 11, 2026, April 29, 2026, and May 20, 2026.
• Following these transactions, Mr. Maleh beneficially owns 141,545 shares of CRA International Common Stock directly.
• He also beneficially owns a total of 21,986.4216 Restricted Stock Units, which include accrued Dividend Units.
• Additionally, Mr. Maleh holds 31,477 Nonqualified Stock Options, granted in 2017 and 2018, with exercise prices of $44.87 and $47.45, respectively, and expiration dates in 2027 and 2028.
• The RSU acquisitions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the CEO's acquisition of RSUs, even if routine, aligns his interests with shareholders. There are no negative disclosures.

Positives

• The acquisition of additional Restricted Stock Units by the CEO aligns management's interests with shareholders.
• The use of a Rule 10b5-1(c) plan indicates a pre-scheduled and transparent transaction.

Future Outlook

The document primarily details current and future vesting schedules for executive compensation, indicating a structured approach to long-term incentive alignment. It does not provide forward-looking statements regarding company performance or strategic guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard executive compensation practices involving equity grants, which are a common mechanism to align management incentives with shareholder value creation within the consulting and professional services industry.

Stakeholder Impact

• Shareholders: The acquisition of equity by the CEO aligns management's long-term interests with shareholder value creation.

Next Steps

• Vesting of various tranches of Restricted Stock Units on scheduled dates beginning March 10, 2026.
• Continued vesting of Nonqualified Stock Options granted in 2017 and 2018.

Key Dates

Keywords

CRA International, CRAI, Form 4, Insider Trading, Beneficial Ownership, Paul A. Maleh, Restricted Stock Units, Stock Options, Executive Compensation, Corporate Governance