Form 4: CRA International CEO Paul Maleh Reports Stock Transactions
SEC Form 4 Filing
Paul Maleh, CEO of CRA International, reports the vesting and conversion of restricted stock units and the disposition of shares to cover tax obligations.
Summary
- On April 11, 2024, Paul Maleh, the President and CEO of CRA International, executed transactions involving the company's stock.
- Maleh converted 1,525.4294 restricted stock units (RSUs) into common stock.
- He also disposed of 21.4294 shares at a price of $145.12 per share.
- Additionally, 728 shares were disposed of to cover tax obligations at $145.12 per share.
- Following these transactions, Maleh directly owns 174,212 shares of CRA International common stock.
- He also holds various restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Future Outlook
The document details future vesting dates for restricted stock units held by the CEO.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment of interests.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units to incentivize performance and align executive interests with shareholder value.
- The vesting schedules and terms of the RSUs and stock options are typical for executive compensation plans in publicly traded companies.
- Companies like FTI Consulting, Navigant Consulting (now Guidehouse), and Huron Consulting Group also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock as RSUs are converted to shares.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option with an exercise price of $44.87, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 12/06/2018 | Date of grant for nonqualified stock option with an exercise price of $47.45, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 04/11/2024 | Date of the reported transactions: conversion of RSUs to common stock and disposition of shares. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
| 12/15/2024 | Date on which 2,960.5228 and 5,328.2973 RSUs vest. |
| 03/10/2025 | First vesting date for two tranches of RSUs: 3,852.545 and 5,547.9978, vesting in two equal annual installments. |
| 03/22/2025 | Date on which 2,273.5227 and 4,092.9653 RSUs vest. |
| 04/11/2025 | First vesting date for 64.2882 RSUs, vesting in three equal annual installments. |
| 12/18/2027 | Expiration date for nonqualified stock option granted on 12/18/2017. |
| 12/06/2028 | Expiration date for nonqualified stock option granted on 12/06/2018. |
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