4/A: Forrester Research Amends Officer's Stock Filing

Forrester Research, Inc. filed an amended Form 4 to correct details regarding Chief Accounting Officer Scott Chouinard's stock transactions and holdings.

Summary

• This filing is an amendment (Form 4/A) to a previously filed Form 4 for Scott Chouinard, the Chief Accounting Officer of Forrester Research, Inc. (FORR).
• The amendment corrects the share price for shares withheld for tax obligations from an originally reported $12.94 to the correct price of $10.94.
• It also corrects the number of derivative securities beneficially owned following the reported transaction from an originally reported 0 to the correct number of 1,850.
• On August 1, 2025, 926 restricted stock units (RSUs) vested and converted into common stock.
• To satisfy tax withholding obligations upon this vesting, 271 shares were withheld by Forrester Research, Inc. at a price of $10.94 per share.
• Following these transactions, Scott Chouinard directly owns 9,958 shares of common stock and indirectly owns 1,246 shares through his spouse.
• He also directly holds 1,850 unvested Restricted Stock Units.
• The original grant of 3,702 Restricted Stock Units occurred on August 1, 2023, with vesting scheduled in four equal and consecutive annual installments starting on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine amendment to correct previously filed information regarding an executive's stock transactions, indicating standard compliance procedures rather than significant positive or negative news.

Positives

• The filing demonstrates the company's commitment to accurate financial reporting by promptly correcting previously misstated information.
• The vesting of restricted stock units indicates the ongoing retention and compensation of a key executive, aligning their interests with shareholders.

Negatives

• An initial misstatement in the original Form 4 required an amendment, highlighting a minor reporting error.

Risks

• The initial misstatement of share price and derivative holdings, though promptly corrected, underscores the importance of meticulous accuracy in regulatory filings to maintain investor confidence.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Ensures accuracy and transparency of insider transaction data, reinforcing trust in reported information.
• Management: Reflects ongoing executive compensation and retention strategies, aligning executive interests with company performance.

Next Steps

• Future vesting installments of the remaining 1,850 Restricted Stock Units, as the original grant of 3,702 units vests in four equal annual installments.

Key Dates

Keywords

Forrester Research, FORR, SEC Form 4/A, Insider Trading, Stock Vesting, Restricted Stock Units, Executive Compensation, Scott Chouinard, Amendment