Form 4: CRA International Executive Chad M. Holmes Reports Acquisition of Restricted Stock Units
SEC Form 4
Chad M. Holmes, EVP, CHIEF CORP DEV OFFICER of CRA International, reports the acquisition of restricted stock units and dividend units.
Summary
- On June 14, 2024, Chad M. Holmes, EVP, CHIEF CORP DEV OFFICER of CRA International, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of multiple tranches of Restricted Stock Units (RSUs) and dividend units, which represent a contingent right to receive one share of CRA International's common stock.
- These RSUs vest at various dates in the future, ranging from December 15, 2024, to April 29, 2025, in annual installments.
- The reporting person also holds 41,300 shares of common stock directly.
- Additionally, the reporting person holds non-qualified stock options to purchase 4,076 shares at $44.87, vesting from December 18, 2017, and 4,425 shares at $47.45, vesting from December 6, 2018.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of RSUs is generally a positive sign, but it's not a major event.
Positives
- The acquisition of RSUs by an executive could be seen as a positive sign, indicating confidence in the company's future performance.
- The vesting schedules of the RSUs incentivize the executive to remain with the company and contribute to its long-term success.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting schedules of the RSUs suggest a continued relationship between the executive and the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of RSUs is a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of RSUs by an executive can have a minor positive impact on shareholder sentiment, as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option to buy 4,076 shares at $44.87, vesting in four equal annual installments beginning on this date. |
| 12/06/2018 | Date of grant for non-qualified stock options to buy 4,425 shares at $47.45, vesting in four equal annual installments beginning on this date. |
| 06/14/2024 | Date of transaction: acquisition of restricted stock units and dividend units. |
| 06/18/2024 | Date of signature by power of attorney. |
| 12/15/2024 | RSUs vest on this date. |
| 03/10/2025 | RSUs vest in two equal annual installments beginning on this date. |
| 03/22/2025 | RSUs vest on this date. |
| 04/11/2025 | RSUs vest in three equal annual installments beginning on this date. |
| 04/29/2025 | RSUs vest in four equal annual installments beginning on this date. |
| 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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