Form 4: Forrester CMO Andrew Cox Reports Stock Transactions
Insider Transaction Report
Forrester Research Chief Marketing Officer Andrew Cox reported the vesting of restricted stock units and subsequent share transactions, including tax-related withholdings.
Summary
- Andrew Cox, Chief Marketing Officer of Forrester Research, Inc. (FORR), reported transactions related to his beneficial ownership of common stock.
- On August 1, 2025, 446 shares of common stock were acquired through the conversion of restricted stock units upon vesting.
- Concurrently, 153 shares were disposed of at a price of $10.94 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Andrew Cox beneficially owns 1,569 shares of Forrester Research common stock directly.
- Derivative securities transactions included the conversion of 137 Restricted Stock Units (from an August 2, 2021 grant) and 309 Restricted Stock Units (from an August 1, 2023 grant) into common stock.
Sentiment
Score: 7
Explanation: The filing details routine insider transactions related to the vesting of restricted stock units and subsequent tax withholding, which are standard compensation events and do not indicate significant positive or negative operational news.
Positives
- Vesting of restricted stock units indicates continued compensation and retention of a key executive.
- The conversion of RSUs into common stock increases the executive's direct ownership in the company.
Negatives
- A portion of vested shares (153 shares) was sold to cover tax obligations, reducing the net increase in beneficial ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency on executive stock ownership and compensation practices.
- Employees: Reflects standard executive compensation structures, potentially influencing employee perception of equity incentives.
Next Steps
- Remaining installments of 2023 RSU grant are scheduled to vest on August 1, 2026, and August 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Grant date for 550 Restricted Stock Units to Andrew Cox. |
| 08/01/2022 | First vesting installment for 2021 RSU grant. |
| 08/01/2023 | Second vesting installment for 2021 RSU grant; Grant date for 1234 Restricted Stock Units to Andrew Cox. |
| 08/01/2024 | Third vesting installment for 2021 RSU grant; First vesting installment for 2023 RSU grant. |
| 08/01/2025 | Date of earliest transaction; Fourth and final vesting installment for 2021 RSU grant; Second vesting installment for 2023 RSU grant; Conversion of RSUs into common stock and tax withholding. |
| 08/05/2025 | Signature date of the filing. |
| 08/01/2026 | Third vesting installment for 2023 RSU grant. |
| 08/01/2027 | Fourth and final vesting installment for 2023 RSU grant. |
Recommendation
holdThe filing is a routine Form 4 detailing scheduled vesting of restricted stock units and associated tax withholdings by a Chief Marketing Officer. These transactions are pre-planned and do not reflect discretionary trading or new material information that would alter the investment thesis for Forrester Research, Inc. Therefore, a 'hold' recommendation is appropriate as the filing does not provide a basis for a change in investment strategy.
Keywords
Forrester Research, FORR, Andrew Cox, SEC Form 4, Insider Trading, Stock Transactions, Restricted Stock Units, RSU Vesting, Chief Marketing Officer
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