Form 4: Forrester CLO Ryan Darrah Equity Transaction Update

Chief Legal Officer Ryan Darrah acquired common stock through the vesting of restricted stock units and received a new equity grant.

Summary

• Ryan Darrah, Chief Legal Officer of Forrester Research, Inc., reported the vesting of restricted stock units (RSUs) on April 1, 2026.
• A total of 9,318 shares were acquired upon the conversion of vested RSUs.
• The company withheld 3,641 shares to satisfy tax obligations related to the vesting event.
• The reporting person received a new grant of 25,000 RSUs on April 1, 2026.
• Following these transactions, the reporting person holds 32,244 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it reflects standard executive compensation and tax-related equity movements rather than a strategic shift or market-driven trade.

Positives

• The reporting person maintains a significant direct ownership stake of 32,244 shares.
• The receipt of a new 25,000 RSU grant aligns the executive's long-term interests with shareholder value.

Negatives

• The transaction involved the withholding of 3,641 shares for tax purposes, which is a standard but routine reduction in total holdings.

Risks

• Future vesting of RSUs is subject to continued employment and performance conditions as defined in the original grant agreements.

Future Outlook

The new RSU grant of 25,000 units will vest in four equal and consecutive annual installments beginning on April 1, 2027.

Management Comments

• The transactions reflect standard equity compensation vesting and tax withholding procedures.

Industry Context

StockSavvy.ai notes that this filing represents routine executive compensation activity common in the professional services and research sector, indicating standard retention practices for key legal personnel.

Comparison to Industry Standards

• The use of RSU vesting and tax withholding is consistent with standard executive compensation practices at peer firms like Gartner and IDC.
• The four-year vesting schedule for equity grants is a standard industry benchmark for executive retention.

Stakeholder Impact

• Minimal impact on shareholders as these are standard equity compensation transactions.

Next Steps

• Future vesting of the 25,000 newly granted RSUs in annual installments starting April 1, 2027.

Key Dates

Keywords

Forrester Research, FORR, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Chief Legal Officer