Form 4: Forrester Officer's RSU Vesting, Tax Withholding
Insider Transaction Report
Forrester Research's Chief Accounting Officer, Scott Chouinard, reported the vesting of restricted stock units and subsequent share withholding for tax obligations.
Summary
- Scott Chouinard, Chief Accounting Officer of Forrester Research, Inc. (FORR), reported transactions on March 1, 2025.
- 745 Restricted Stock Units (RSUs) converted into common stock upon vesting.
- 258 shares of common stock were disposed of at a price of $11.08 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Mr. Chouinard directly beneficially owns 8,361 shares of common stock.
- An additional 1,246 shares are indirectly beneficially owned by Mr. Chouinard's spouse.
- Mr. Chouinard continues to directly beneficially own 1,490 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting the routine realization of executive compensation through RSU vesting, offset by standard tax withholding, with no new material information regarding company performance.
Positives
- The vesting of 745 Restricted Stock Units represents the realization of executive compensation for Scott Chouinard.
Negatives
- 258 shares of common stock were withheld by the Issuer to cover tax withholding obligations, reducing the direct beneficial ownership.
Future Outlook
The filing indicates that the initial grant of 2,980 Restricted Stock Units on March 1, 2022, vests and converts into common stock in four equal and consecutive installments, suggesting future vesting events will occur annually.
Industry Context
StockSavvy.ai notes that routine insider transactions, such as the vesting of Restricted Stock Units and subsequent share withholding for tax purposes, are common occurrences in publicly traded companies. These events are part of standard executive compensation packages and typically do not signal a change in the company's operational performance or strategic direction.
Related Party Transactions
- The reported transactions involve the Chief Accounting Officer, Scott Chouinard, realizing compensation from Forrester Research, Inc., which constitutes a related party transaction.
Stakeholder Impact
- Shareholders receive transparency regarding executive compensation realization and changes in insider ownership.
- The company's equity structure is minimally impacted by the conversion of RSUs into common stock and the withholding of shares for tax purposes.
Next Steps
- Future installments of the 2,980 Restricted Stock Units granted on March 1, 2022, are expected to vest annually.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date when 2,980 Restricted Stock Units were granted to Scott Chouinard. |
| 03/01/2025 | Date of transaction, representing the vesting and conversion of 745 Restricted Stock Units into common stock, and subsequent tax withholding. |
| 03/03/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Forrester Research, FORR, Scott Chouinard, Chief Accounting Officer, Restricted Stock Units, RSU vesting, insider transaction, Form 4, equity compensation, tax withholding
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