Form 4: CRAI Officer Chad Holmes Reports RSU Acquisitions

CRA International's EVP and Chief Corporate Development Officer, Chad M. Holmes, reported the acquisition of additional restricted stock units and updated his beneficial ownership of common stock and stock options.

Summary

• Chad M. Holmes, EVP and Chief Corporate Development Officer of CRA International, Inc. (CRAI), reported changes in his beneficial ownership.
• He directly owns 45,920 shares of common stock.
• On March 20, 2026, he acquired several tranches of Restricted Stock Units (RSUs), totaling 16.9053 new RSUs.
• These RSU acquisitions include dividend equivalent rights, referred to as "Dividend Units."
• The RSUs have various vesting schedules, with installments beginning from April 11, 2026, through April 29, 2027, and May 20, 2026.
• Following these transactions, his total beneficial ownership of derivative securities includes 4,715.398 RSUs across multiple grants and 8,501 nonqualified stock options.
• The nonqualified stock options include 4,076 options granted on December 18, 2017, with an exercise price of $44.87, expiring December 18, 2027.
• Another 4,425 nonqualified stock options were granted on December 6, 2018, with an exercise price of $47.45, expiring December 6, 2028.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation practices that align management incentives with long-term company performance, without indicating any immediate significant operational or financial changes.

Positives

• Acquisition of additional Restricted Stock Units (RSUs) aligns management's interests with long-term shareholder value.
• The RSU grants include dividend equivalent rights, providing additional value to the reporting person.

Negatives

• No direct purchases of common stock were reported, indicating no immediate cash investment in the company's equity by the officer.
• No sales of common stock or exercise of options were reported, which could be seen as a neutral signal rather than a negative one, but it does not indicate immediate bullish action.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive compensation, particularly through equity awards like RSUs and stock options, is a standard practice across industries to incentivize long-term performance and align executive interests with shareholder value. This filing reflects routine compensation practices for a senior officer at a professional services firm.

Stakeholder Impact

• Shareholders: The RSU grants align the executive's long-term interests with shareholder value, as the value of these awards is tied to the company's stock performance.
• Employees: This filing primarily concerns executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation structure for senior leadership.

Next Steps

• Vesting of Restricted Stock Units (RSUs) will occur in installments beginning April 11, 2026, April 29, 2026, May 20, 2026, and April 29, 2027.
• The nonqualified stock options will continue to be exercisable until their respective expiration dates of December 18, 2027, and December 6, 2028.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation in the form of RSU grants and existing stock options. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The grants align executive incentives with long-term shareholder value, which is a standard corporate governance practice. Therefore, a 'hold' recommendation is appropriate as there are no new fundamental drivers for a 'buy' or 'sell' decision based solely on this filing.

Keywords

CRA International, CRAI, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Options, Executive Compensation, Beneficial Ownership, Chad M. Holmes