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 transactions involving common stock and restricted stock units, including the vesting of performance restricted stock units and the acquisition and disposal of shares to cover withholding taxes.
Summary
- On March 4, 2024, Jonathan Yellin, EVP and General Counsel of CRA International, reported changes in his beneficial ownership of the company's securities.
- These changes involve transactions related to common stock and restricted stock units (RSUs).
- Specifically, 1,096 shares were acquired upon the vesting of performance restricted stock units (PRSUs) granted on March 10, 2022.
- Additionally, 357 shares were disposed of to cover withholding taxes at a price of $138.99.
- Yellin also acquired 27.5548 shares and disposed of 27.5548 shares.
- The report also details Yellin's holdings of various RSUs with different vesting schedules, including dividend units that accrue with the RSUs.
- Yellin also holds nonqualified stock options to purchase 2,377 and 2,845 shares of common stock at exercise prices of $44.87 and $47.45, respectively.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document outlines the vesting schedules for various restricted stock units, indicating future potential share issuances or cash payments. The vesting schedules extend out to 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded companies, including competitors of CRA International.
- The vesting schedules and terms of these equity grants are generally aligned with industry norms to incentivize long-term performance and retention.
- Similar filings can be observed for executives at companies like Navigant Consulting (now Guidehouse), FTI Consulting, and AlixPartners, which operate in the same consulting space as CRA International.
Stakeholder Impact
- Shareholders are informed about changes in the beneficial ownership of company stock by a key executive.
- This information can be used to assess management's alignment with shareholder interests.
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 the first anniversary of the grant 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 the first anniversary of the grant date. |
| 03/10/2022 | Date of grant for performance restricted stock units (PRSUs), which vested and resulted in the acquisition of 1,096 shares. |
| 03/04/2024 | Date of reported transactions, including acquisition and disposal of shares and vesting of RSUs. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
| 03/10/2024 | Date when RSUs, which include an aggregate of 28.7283 Dividend Units, vest in three equal annual installments beginning on this date. |
| 03/22/2024 | Date when RSUs, which include an aggregate of 30.7715 Dividend Units, vest in two equal annual installments beginning on this date. |
| 03/22/2024 | Date when RSUs, which include an aggregate of 55.3623 Dividend Units, vest in two equal annual installments beginning on this date. |
| 04/11/2024 | Date when RSUs, which include an aggregate of 13.7808 Dividend Units, vest in four equal annual installments beginning on this date. |
| 12/15/2024 | Date when RSUs, which include an aggregate of 21.9640 Dividend Units, vest on this date. |
| 12/15/2024 | Date when RSUs, which include an aggregate of 39.5636 Dividend Units, vest ion this date. |
| 03/10/2025 | Date when RSUs, which include an aggregate of 27.5788 Dividend Units, vest in two equal annual installments beginning on this date. |
| 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. |
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.