Form 4: CRA International Executive Chad M. Holmes Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Chad M. Holmes, EVP, CHIEF CORP DEV OFFICER of CRA International, reports the acquisition of restricted stock units and dividend units, along with holding common stock and stock options.
Summary
- This Form 4 filing details changes in beneficial ownership for Chad M. Holmes, an executive at CRA International, Inc.
- The report indicates the acquisition of 1,079 Restricted Stock Units (RSUs) on April 29, 2024.
- These RSUs vest in four equal annual installments starting April 29, 2025.
- Holmes also holds various other RSUs with different vesting schedules, including those vesting on December 15, 2024, March 10, 2025, and April 11, 2025.
- The filing also shows that Holmes directly owns 41,300 shares of common stock.
- Additionally, Holmes holds non-qualified stock options to purchase 4,076 shares at $44.87 (granted 12/18/2017) and 4,425 shares at $47.45 (granted 12/06/2018).
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The acquisition of RSUs can be seen as a slightly positive sign of alignment between the executive and the company's future performance.
Positives
- The acquisition of RSUs suggests continued alignment of the executive's interests with the company's long-term performance.
- The vesting schedules of the RSUs incentivize continued service and contribution to the company.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting schedules of the RSUs suggest a continued commitment from the executive.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing is typical for executives receiving equity compensation.
Stakeholder Impact
- The acquisition of RSUs and stock options by a company executive can signal confidence in the company's future prospects to shareholders.
- Employees may view executive equity compensation as a positive sign of alignment and shared success.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Grant date of nonqualified stock options with an exercise price of $44.87. |
| 12/06/2018 | Grant date of non-qualified stock options with an exercise price of $47.45. |
| 04/29/2024 | Date of transaction: Acquisition of 1,079 Restricted Stock Units. |
| 04/29/2025 | First vesting date for the 1,079 RSUs acquired on April 29, 2024. |
| 12/18/2027 | Expiration date of nonqualified stock options granted on 12/18/2017. |
| 12/06/2028 | Expiration date of non-qualified stock options granted on 12/06/2018. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.