Form 4: Forrester Officer's Final RSU Vesting & Tax Sale

Forrester Research Chief Research Officer Sharyn Leaver reported the final vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Sharyn Leaver, Chief Research Officer of Forrester Research, Inc., reported transactions on August 1, 2025.
• 826 restricted stock units (RSUs) vested and converted into common stock.
• 237 shares were withheld by Forrester Research, Inc. to satisfy tax withholding obligations related to the RSU vesting, at a price of $10.94 per share.
• Following these transactions, Sharyn Leaver beneficially owns 18,609 shares of Forrester Research, Inc. common stock.
• The RSUs were part of a grant of 3,305 units on August 2, 2021, scheduled to vest in four equal annual installments.

Sentiment

Score: 5

Explanation: The filing reports routine executive compensation transactions (RSU vesting and tax withholding) which are neither inherently positive nor negative for the company's operational performance or financial health.

Positives

• Vesting of restricted stock units demonstrates the execution of long-term incentive compensation for a key executive.

Negatives

• A portion of vested shares were sold to cover tax obligations, resulting in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The vesting and subsequent tax withholding of restricted stock units are standard compensation practices between the company and its executive.

Stakeholder Impact

• Shareholders: Routine executive compensation activity, no direct impact on company operations or strategy.
• Employees: Reflects standard executive compensation practices.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and subsequent tax withholding. It does not provide new information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a catalyst for significant price movement or a re-evaluation of the company's fundamentals.

Keywords

Forrester Research, FORR, Sharyn Leaver, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation