Form 4: CRA International Executive Chad M. Holmes Reports Stock Transactions
SEC Form 4
EVP Chad M. Holmes reports acquisition and disposal of CRA International, Inc. stock and restricted stock units.
Summary
- On March 10, 2024, Chad M. Holmes, EVP, CHIEF CORP DEV OFFICER of CRA International, Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- Holmes acquired 450.0434 shares of common stock through the vesting of restricted stock units.
- He disposed of 11.0434 shares at $140.22 per share and 164 shares for tax withholding at $140.22 per share.
- Following these transactions, Holmes directly owns 40,187 shares of CRA International, Inc.
- The report also details Holmes' holdings of various restricted stock units (RSUs) which vest at different dates in the future.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines the vesting schedules for various restricted stock units, indicating future potential share issuances to the reporting person.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
- Companies like Accenture, McKinsey, and Boston Consulting Group also have executives who file similar forms related to their company stock.
- The vesting schedules and terms of the RSUs and stock options are typical components of executive compensation packages in the consulting industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
- The vesting of RSUs and stock options is part of the executive compensation plan, impacting employee benefits and incentives.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option to buy 4,076 shares at $44.87. |
| 12/06/2018 | Date of grant for nonqualified stock option to buy 4,425 shares at $47.45. |
| 03/10/2024 | Date of stock transactions: acquisition of shares via RSU vesting and disposal of shares. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
| 03/22/2024 | Beginning date for vesting of some RSUs in two equal annual installments. |
| 04/11/2024 | Beginning date for vesting of some RSUs in four equal annual installments. |
| 12/15/2024 | Vesting date for some RSUs. |
| 03/10/2025 | Beginning date for vesting of some RSUs in two equal annual installments. |
| 12/18/2027 | Expiration date for nonqualified stock option to buy 4,076 shares at $44.87. |
| 12/06/2028 | Expiration date for nonqualified stock option to buy 4,425 shares at $47.45. |
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