Form 4: CRA International Executive Jonathan Yellin Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President and General Counsel of CRA International, Jonathan Yellin, reports the acquisition of restricted stock units and no change in ownership of nonqualified stock options.
Summary
- Jonathan Yellin, Executive Vice President and General Counsel at CRA International, filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The filing primarily reports the acquisition of various restricted stock units (RSUs) on December 13, 2024.
- These RSUs include dividend equivalent rights that accrue as additional RSUs.
- The RSUs vest on various dates in 2024 and 2025, with some vesting in installments.
- The filing also notes that Mr. Yellin holds nonqualified stock options granted in 2017 and 2018, with no change in the number of options held.
Sentiment
Score: 7
Explanation: The document is a routine filing of executive stock transactions, which is generally neutral. The acquisition of RSUs is a positive sign of alignment with shareholder value, but it's not a major event.
Positives
- The acquisition of RSUs indicates continued alignment of executive interests with shareholder value.
- The vesting schedule of the RSUs provides a long-term incentive for the executive.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.
Comparison to Industry Standards
- The use of restricted stock units and stock options is a standard practice for executive compensation in publicly traded companies.
- The vesting schedules are typical for such grants, designed to align executive interests with long-term company performance.
- Companies like FTI Consulting and Navigant also use similar equity-based compensation structures for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
- The vesting schedule of the RSUs aligns executive interests with long-term company performance, which is beneficial for shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/18/2017 | Date of grant for nonqualified stock options that vest in four equal annual installments. |
| 12/06/2018 | Date of grant for nonqualified stock options that vest in four equal annual installments. |
| 12/13/2024 | Date of acquisition of multiple tranches of restricted stock units. |
| 12/15/2024 | Vesting date for some of the acquired restricted stock units. |
| 03/10/2025 | First vesting date for some of the acquired restricted stock units that vest in two equal annual installments. |
| 03/22/2025 | Vesting date for some of the acquired restricted stock units. |
| 04/11/2025 | First vesting date for some of the acquired restricted stock units that vest in three equal annual installments. |
| 04/29/2025 | First vesting date for some of the acquired restricted stock units that vest in four equal annual installments. |
Keywords
Form 4, CRA International, Jonathan Yellin, Restricted Stock Units, RSU, Stock Options, Beneficial Ownership, Executive Compensation, Dividend Units
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