Form 4: CRA International CEO Paul Maleh Reports Stock Transactions
SEC Form 4 Filing
Paul Maleh, President and CEO of CRA International, reports the vesting and settlement of performance restricted stock units and related transactions.
Summary
- Paul Maleh, the President and CEO of CRA International, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 4, 2024, Maleh acquired 5,395 shares of common stock upon the vesting of performance restricted stock units (PRSUs).
- He also acquired 135.7209 shares of common stock.
- Additionally, 1,593 shares were disposed of to cover tax obligations at a price of $138.99.
- The report also details Maleh's holdings of restricted stock units (RSUs) which vest at various dates in the future.
- He also holds nonqualified stock options to purchase 16,304 and 15,173 shares, granted on December 18, 2017 and December 6, 2018, respectively.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document details the vesting schedules for various restricted stock units, indicating future potential share issuances to the reporting person.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, bonus, stock options, and restricted stock units.
- The vesting schedules and terms of the RSUs and stock options appear standard for executive compensation packages in publicly traded companies.
- Companies like Accenture, McKinsey, and Boston Consulting Group also use similar compensation methods to attract and retain top talent.
Stakeholder Impact
- The transactions may have a minor dilutive effect on existing shareholders as new shares are issued upon vesting of RSUs and exercise of stock options.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option to buy 16,304 shares at $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 to buy 15,173 shares at $47.45, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/10/2022 | Date of grant for performance restricted stock units (PRSUs). |
| 03/04/2024 | Date of reported transactions, including vesting of PRSUs and tax-related disposition of shares. |
| 03/10/2024 | Beginning date for vesting of RSUs, which include an aggregate of 141.4009 Dividend Units, vest in three equal annual installments. |
| 03/22/2024 | Beginning date for vesting of RSUs, which include an aggregate of 167.7250 Dividend Units, vest in two equal annual installments. |
| 03/22/2024 | Beginning date for vesting of RSUs, which include an aggregate of 301.9500 Dividend Units, vest in two equal annual installments. |
| 04/11/2024 | Beginning date for vesting of RSUs, which include an aggregate of 67.8428 Dividend Units, vest in four equal annual installments. |
| 12/15/2024 | Date for vesting of RSUs, which include an aggregate of 119.8500 Dividend Units. |
| 12/15/2024 | Date for vesting of RSUs, which include an aggregate of 215.6881 Dividend Units. |
| 03/10/2025 | Date for vesting of RSUs, which include an aggregate of 135.7451 Dividend Units, vest in two equal annual installments. |
| 12/18/2027 | Expiration date for nonqualified stock option granted on December 18, 2017. |
| 12/06/2028 | Expiration date for nonqualified stock option granted on December 06, 2018. |
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