Form 4: CRAI Executive Reports RSU Dividend Accruals

CRA International's EVP and General Counsel, Jonathan D. Yellin, reported the accrual of dividend equivalent units on existing Restricted Stock Units (RSUs) and detailed current equity holdings.

Summary

• Jonathan D. Yellin, Executive Vice President and General Counsel of CRA International, Inc. (CRAI), filed a Form 4 detailing changes in beneficial ownership.
• The filing primarily reports the acquisition of additional Restricted Stock Units (RSUs) in the form of dividend equivalent units, which accrue on existing unvested RSUs.
• Specific RSU dividend unit accruals on March 20, 2026, include: 2.271 units, 3.9882 units, 3.1517 units, 3.9066 units, and 3.2244 units.
• These newly accrued dividend units vest alongside their underlying RSUs, with various tranches beginning to vest on April 11, 2026, April 29, 2026, May 20, 2026, and April 29, 2027.
• Following these transactions, Mr. Yellin beneficially owns 14,702 shares of common stock directly.
• He also holds various tranches of RSUs totaling 633.4489, 1,112.4209, 879.0723, 1,089.6478, and 899.3841 units, which include previously accrued dividend units.
• Additionally, Mr. Yellin holds Nonqualified Stock Options to purchase 2,377 shares at $44.87 (granted 12/18/2017, expiring 12/18/2027) and 2,845 shares at $47.45 (granted 12/06/2018, expiring 12/06/2028).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive, routine filing. While it doesn't signal new strategic developments, the accrual of dividend units increases the executive's equity stake, enhancing alignment with shareholder interests.

Positives

• The accrual of dividend equivalent units on existing RSUs increases the executive's total equity stake, further aligning management's interests with those of shareholders.
• The continued holding of significant common stock, RSUs, and stock options demonstrates a sustained commitment to the company's long-term performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the reporting of accrued dividend equivalent rights on Restricted Stock Units is a standard practice in executive compensation across various industries, reflecting the ongoing accumulation of equity by key personnel.

Stakeholder Impact

• Shareholders: The increased equity stake of a key executive through RSU dividend accruals generally indicates stronger alignment of management's long-term interests with those of shareholders.

Next Steps

• Vesting of various RSU tranches will occur in equal annual installments beginning on April 11, 2026, April 29, 2026, May 20, 2026, and April 29, 2027.
• Vesting of Nonqualified Stock Options continues in four equal annual installments from their respective grant dates.

Key Dates

Recommendation

This Form 4 reports routine accrual of dividend equivalent units on existing Restricted Stock Units and details existing stock option holdings. It does not indicate any new strategic direction, significant open market purchases/sales, or material changes to the company's financial health. Therefore, it provides no basis for a change in investment recommendation.

Keywords

CRA International, CRAI, Form 4, insider transaction, Restricted Stock Units, RSU, dividend units, executive compensation, beneficial ownership, stock options