Form 4: CRA International CEO Paul Maleh Reports Acquisition of Restricted Stock Units
SEC Form 4
Paul Maleh, President and CEO of CRA International, reports the acquisition of multiple tranches of restricted stock units (RSUs) and dividend units.
Summary
- On September 13, 2024, Paul A. Maleh, President and CEO of CRA International, reported the acquisition of several tranches of Restricted Stock Units (RSUs) and dividend units.
- These RSUs represent a contingent right to receive one share of CRA International's common stock.
- Vested RSUs are payable in cash, shares, or a combination thereof, no later than two and a half months after the end of the year in which vesting occurs, subject to withholding taxes.
- Dividend equivalent rights accrue as additional RSUs (Dividend Units) when dividends are paid on the company's common stock, vesting on the same dates as the underlying RSUs.
- Maleh directly owns 159,212 shares of CRA International common stock.
- He also holds nonqualified stock options to purchase 16,304 shares at $44.87 (granted 12/18/2017, exercisable from 12/18/2018) and 15,173 shares at $47.45 (granted 12/06/2018, exercisable from 12/06/2019).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is generally viewed as a positive sign, but it's not a major event.
Positives
- The acquisition of RSUs by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis, with firms like Bloomberg, FactSet, and Thomson Reuters providing tools to track and analyze these filings.
- Comparing the vesting schedules and terms of these RSUs and stock options to those of peer companies can provide insights into CRA International's compensation practices.
Stakeholder Impact
- The acquisition of RSUs aligns the CEO's interests with those of shareholders, potentially incentivizing him to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Grant date of nonqualified stock option to buy 16,304 shares at $44.87, vesting in four equal annual installments beginning 12/18/2018. |
| 12/06/2018 | Grant date of nonqualified stock option to buy 15,173 shares at $47.45, vesting in four equal annual installments beginning 12/06/2019. |
| 09/13/2024 | Date of transaction: Acquisition of Restricted Stock Units and Dividend Units. |
| 12/15/2024 | Vesting date for some of the acquired RSUs and Dividend Units. |
| 03/10/2025 | First vesting date for some of the acquired RSUs and Dividend Units. |
| 03/22/2025 | Vesting date for some of the acquired RSUs and Dividend Units. |
| 04/11/2025 | First vesting date for some of the acquired RSUs and Dividend Units. |
| 04/29/2025 | First vesting date for some of the acquired RSUs and Dividend Units. |
| 12/18/2027 | Expiration date of nonqualified stock option to buy 16,304 shares at $44.87. |
| 12/06/2028 | Expiration date of nonqualified stock option to buy 15,173 shares at $47.45. |
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