Form 4: CRA International Executive Jonathan Yellin Reports Acquisition of Restricted Stock Units
SEC Form 4
Jonathan Yellin, EVP and General Counsel of CRA International, reports the acquisition of restricted stock units and updates to beneficial ownership of common stock.
Summary
- On April 29, 2024, Jonathan D Yellin, EVP and General Counsel of CRA International, filed a Form 4.
- The filing reports the acquisition of 1,146 restricted stock units (RSUs).
- Yellin directly owns 22,861 shares of CRA International common stock.
- The RSUs vest in installments over several years, starting from December 15, 2024, to April 11, 2025.
- Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs when and as dividends are paid on the Issuer's common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider alignment with company performance.
Positives
- The acquisition of RSUs indicates continued alignment of the executive's interests with those of the shareholders.
- The vesting schedule of the RSUs encourages long-term commitment from the executive.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates routine compensation practices at CRA International.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are common practice among publicly traded companies, including competitors such as FTI Consulting and Navigant Consulting.
- The vesting schedules and terms of the RSUs are generally consistent with industry norms for executive equity compensation.
Stakeholder Impact
- The acquisition of RSUs by an executive can positively influence shareholder sentiment by aligning management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option with an exercise price of $44.87. |
| 12/06/2018 | Date of grant for nonqualified stock option with an exercise price of $47.45. |
| 04/29/2024 | Date of transaction: acquisition of restricted stock units. |
| 04/29/2025 | First vesting date for 1/4 of the 1,146 RSUs acquired on 04/29/2024. |
| 12/15/2024 | Vesting date for 542.5534 RSUs, including 23.5534 Dividend Units. |
| 12/15/2024 | Vesting date for 977.427 RSUs, including 42.4270 Dividend Units. |
| 03/10/2025 | First vesting date for 1/2 of the 782.436 RSUs, including 21.4360 Dividend Units. |
| 03/10/2025 | First vesting date for 1/2 of the 1,126.88 RSUs, including 30.8800 Dividend Units. |
| 03/22/2025 | Vesting date for 417.6284 RSUs, including 16.6284 Dividend Units. |
| 03/22/2025 | Vesting date for 750.9026 RSUs, including 29.9026 Dividend Units. |
| 04/11/2025 | First vesting date for 1/3 of the 930.0658 RSUs, including 13.0658 Dividend Units. |
| 12/18/2027 | Expiration date for nonqualified stock option with an exercise price of $44.87. |
| 12/06/2028 | Expiration date for nonqualified stock option with an exercise price of $47.45. |
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