Form 4: CRA International EVP and General Counsel Sells Shares Under 10b5-1 Plan

Jonathan D. Yellin, EVP and General Counsel of CRA International, sold a total of 1,250 shares of common stock on November 7, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan D. Yellin, an Executive Vice President and General Counsel at CRA International, sold 1,250 shares of the company's common stock on November 7, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 28, 2023.
• The shares were sold in multiple transactions at weighted average prices ranging from $198.1505 to $201.6681.
• Following these transactions, Mr. Yellin directly owns 19,111 shares of CRA International common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider stock sales under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

The filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of illegal insider trading.
• Many executives at publicly traded companies, such as those at FTI Consulting (FCN) and Huron Consulting Group (HURN), utilize similar plans for stock sales.
• The reported prices are within the typical trading range for CRA International's stock, indicating no unusual market activity.

Stakeholder Impact

• The stock sales by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

insider trading, stock sale, Rule 10b5-1, CRA International, Jonathan D. Yellin, executive, common stock