Form 4: Forrester CTO Michael Facemire Reports RSU Vesting

Forrester Research's Chief Technology Officer, Michael Facemire, reported the vesting of 2,781 restricted stock units and the subsequent sale of 815 shares for tax withholding.

Summary

• Michael Facemire, Chief Technology Officer of Forrester Research, Inc. (FORR), reported transactions related to his equity holdings.
• On August 1, 2025, 2,781 restricted stock units (RSUs) vested and converted into common stock.
• These vested RSUs originated from grants on August 2, 2021 (176 units), August 1, 2023 (634 units), and August 1, 2024 (1,971 units).
• Concurrently, 815 shares of common stock were disposed of at a price of $10.94 per share to satisfy tax withholding obligations related to the vesting.
• Following these transactions, Michael Facemire directly beneficially owns 3,061 shares of common stock.
• He also continues to hold 7,179 unvested restricted stock units (1,268 from the 2023 grant and 5,911 from the 2024 grant).

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of executive compensation vesting and tax-related share disposition, which is a neutral event for the company's operational or financial performance.

Positives

• Vesting of restricted stock units indicates continued compensation and retention of a key executive.
• The acquisition of 2,781 shares of common stock increases the executive's direct ownership in the company.

Negatives

• The sale of 815 shares, while for tax purposes, reduces the executive's immediate share count.

Future Outlook

The filing details scheduled future vesting events for Michael Facemire's remaining restricted stock units, which will convert into common stock in four equal and consecutive installments beginning on the first anniversary of their respective grant dates (August 1, 2023, and August 1, 2024).

Industry Context

This filing is a routine disclosure of executive equity compensation vesting and tax-related share disposition, common across publicly traded companies as part of their executive compensation programs. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• NA. This filing reports individual executive compensation transactions, which are not typically benchmarked against specific comparable companies or projects in this format. Executive compensation structures, including RSU grants and vesting schedules, are common across the technology and research sectors, but this filing does not provide sufficient detail for a comparative assessment of the compensation package itself.

Related Party Transactions

• The reported transactions involve the vesting of restricted stock units and subsequent share disposition for tax purposes, which are standard compensation-related dealings between the company and its Chief Technology Officer, Michael Facemire.

Stakeholder Impact

• Shareholders: The vesting and tax-related sale represent a minor dilution from new shares entering the market (from vesting) and a routine insider transaction. The overall impact on share price is typically minimal for such routine events.
• Employees: The compensation structure for executives, as evidenced by RSU grants, may reflect the company's approach to incentivizing and retaining key talent.

Next Steps

• Future vesting installments for the 2,536 RSUs granted on August 1, 2023, will occur annually starting from the first anniversary of the grant date.
• Future vesting installments for the 7,882 RSUs granted on August 1, 2024, will occur annually starting from the first anniversary of the grant date.

Key Dates

Keywords

Forrester Research, FORR, Michael Facemire, Chief Technology Officer, CTO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Compensation, Equity Compensation, Tax Withholding