Form 4: CRA International Director Richard Booth Receives Equity Grant

CRA International, Inc. Director Richard Douglas Booth acquired 696 shares of common stock as part of an equity grant, vesting over four years.

Summary

• Richard Douglas Booth, a Director of CRA International, Inc. (CRAI), acquired 696 shares of common stock.
• The transaction occurred on July 17, 2025.
• The shares were acquired at a price of $0, indicating an equity grant.
• Following this transaction, Richard Douglas Booth directly beneficially owns 8,935 shares of CRAI common stock.
• The acquired shares will vest in four equal annual installments, starting on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The equity grant to a director is a positive sign of alignment between management and shareholder interests, and a standard practice for retention and compensation. It does not indicate any negative operational or financial issues.

Positives

• Equity grant to a director aligns management's interests with shareholders, promoting long-term value creation.
• The grant is part of a compensation package, indicating continued commitment from the director.

Future Outlook

The shares will vest in four equal annual installments beginning on the first anniversary of the grant date, indicating a future commitment and retention mechanism for the director.

Industry Context

This is a standard equity compensation practice for directors in publicly traded companies across various industries, aiming to align their long-term interests with those of shareholders.

Comparison to Industry Standards

• Equity grants to directors are a common practice in corporate governance across industries, including professional services firms like CRA International.
• The vesting schedule over four years is typical for long-term incentive plans, comparable to practices at peer firms such as FTI Consulting Inc. (FCN) or Huron Consulting Group Inc. (HURN), which also use restricted stock units or similar equity awards to compensate and retain key personnel and directors.
• The grant size of 696 shares is within the expected range for director compensation, though specific comparisons would require detailed compensation reports from comparable companies.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially encouraging decisions that enhance long-term share value.

Next Steps

• The 696 shares will begin vesting in four equal annual installments starting on July 17, 2026.

Key Dates

Recommendation

Keywords

CRA International, CRAI, Richard Douglas Booth, Director, Equity Grant, Stock Acquisition, Insider Trading, Form 4, Beneficial Ownership, Compensation