Form 4: Forrester CFO Vests RSUs, Sells Shares for Tax

Forrester Research CFO Leo Christian Finn vested 5,040 restricted stock units and subsequently sold 1,479 shares to cover tax obligations.

Summary

• Leo Christian Finn, Chief Financial Officer of Forrester Research, Inc. (FORR), reported changes in beneficial ownership.
• On October 1, 2025, Finn acquired 5,040 shares of common stock through the conversion of vested restricted stock units (RSUs).
• These RSUs were part of a grant made on October 1, 2021, for 20,161 units, vesting in four equal annual installments.
• Concurrently, Finn disposed of 1,479 shares of common stock at a price of $9.94 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Finn's direct beneficial ownership of Forrester Research common stock stands at 27,252 shares.

Sentiment

Score: 7

Explanation: The filing details a routine vesting of executive compensation and a standard tax-related sale, indicating normal course of business. While there's a slight reduction in direct ownership due to tax sales, the overall event is positive as it reflects the execution of long-term incentive plans.

Positives

• The vesting of restricted stock units indicates the execution of a pre-defined long-term incentive compensation plan for a key executive, aligning management interests with shareholder value over time.

Negatives

• A portion of the vested shares (1,479 shares) was sold to cover tax liabilities, resulting in a reduction of the executive's direct shareholding, although this is a standard practice.

Risks

• No new specific risks are identified in this routine insider transaction filing beyond the general market risks associated with holding company stock.

Future Outlook

This filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction related to executive compensation, which is a common practice across all industries. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction represents a routine part of executive compensation, aligning executive interests with long-term company performance. The sale of shares for tax purposes is a minor, non-strategic reduction in direct ownership.

Key Dates

Recommendation

This Form 4 details a routine vesting of restricted stock units and a subsequent sale of shares to cover tax obligations by a key executive. Such transactions are part of standard executive compensation plans and do not typically indicate a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. The core investment thesis for Forrester Research remains unchanged by this report.

Keywords

Forrester Research, FORR, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, Tax Withholding, Chief Financial Officer