Form 4: CRA International Executive Jonathan Yellin Reports Changes in Beneficial Ownership
SEC Form 4
Jonathan Yellin, EVP and General Counsel of CRA International, reports the acquisition of restricted stock units and dividend units.
Summary
- On June 14, 2024, Jonathan D Yellin, EVP and General Counsel of CRA International, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates the acquisition of several tranches of Restricted Stock Units (RSUs) and associated Dividend Units.
- These RSUs vest at various dates in the future, starting from December 15, 2024, and continuing through April 29, 2025.
- The report also mentions Yellin's existing holdings of common stock and nonqualified stock options.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.
Positives
- The acquisition of RSUs indicates continued alignment of the executive's interests with those of the shareholders.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Comparison to Industry Standards
- Executive compensation packages, including RSUs and stock options, are common in publicly traded companies like CRA International to incentivize performance and align executive interests with shareholder value.
- The vesting schedules and terms of the RSUs and stock options appear standard for executive compensation packages.
Stakeholder Impact
- The granting of RSUs can be seen as a positive signal to shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock option to buy 2,377 shares at $44.87, vesting in four equal annual installments beginning on this date. |
| 12/06/2018 | Date of grant for nonqualified stock option to buy 2,845 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 on the Form 4 filing. |
| 12/15/2024 | Vesting date for some of the acquired RSUs. |
| 03/10/2025 | Vesting date for some of the acquired RSUs. |
| 03/22/2025 | Vesting date for some of the acquired RSUs. |
| 04/11/2025 | Vesting date for some of the acquired RSUs. |
| 04/29/2025 | Vesting date for some of the acquired RSUs. |
| 12/18/2027 | Expiration date for nonqualified stock option to buy 2,377 shares at $44.87. |
| 12/06/2028 | Expiration date for nonqualified stock option to buy 2,845 shares at $47.45. |
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