Form 4: CRA International Executive Chad Holmes Reports Stock Transactions
SEC Form 4
EVP Chad Holmes of CRA International reports the vesting and disposal of restricted stock units and common stock transactions on December 15, 2024.
Summary
- On December 15, 2024, Chad M Holmes, EVP, CHIEF CORP DEV OFFICER of CRA International, engaged in transactions involving common stock and restricted stock units (RSUs).
- Holmes acquired 696.1874 shares of common stock through the vesting of RSUs and disposed of 35.1874 shares at a price of $203.93.
- Additionally, Holmes disposed of 313 shares to cover withholding taxes at a price of $203.93.
- Holmes also acquired 1,253.3255 shares of common stock through the vesting of RSUs and disposed of 63.3255 shares at a price of $203.93.
- Another 511 shares were disposed of to cover withholding taxes at a price of $203.93.
- Following these transactions, Holmes directly owns 42,327 shares of CRA International common stock.
- Holmes also holds various unvested Restricted Stock Units that will vest at various dates in the future.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of RSUs suggests that performance goals are being met.
Positives
- The vesting of RSUs indicates that performance metrics have been met, which is a positive sign.
Future Outlook
The document outlines future vesting dates for restricted stock units, indicating continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions, allowing investors to monitor the buying and selling activity of company executives and directors.
Comparison to Industry Standards
- Equity compensation is a standard practice in publicly traded companies to align the interests of executives with those of shareholders.
- The vesting schedules and terms of the RSUs and stock options appear typical for executive compensation packages.
- Comparing the size of Holmes' holdings and transactions to those of executives at similar consulting firms (e.g., McKinsey, BCG, Bain although these are private) would provide further context, but that data is not available in this document.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and do not indicate a change in the company's fundamentals.
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 non-qualified stock options with an exercise price of $47.45, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 12/15/2024 | Date of transactions involving common stock and restricted stock units. |
| 12/18/2024 | Date of signature by power of attorney. |
| 03/10/2025 | Date when some RSUs vest in two equal annual installments. |
| 03/22/2025 | Date when some RSUs vest. |
| 04/11/2025 | Date when some RSUs vest in three equal annual installments. |
| 04/29/2025 | Date when some RSUs vest in four equal annual installments. |
| 12/18/2027 | Expiration date for nonqualified stock option granted on 12/18/2017. |
| 12/06/2028 | Expiration date for non-qualified stock options granted on 12/06/2018. |
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