Form 4: Forrester Research CBTO Steven P. Peltzman Reports Acquisition of 16,802 Restricted Stock Units

Steven P. Peltzman, CBTO of Forrester Research, reports the acquisition of 16,802 Restricted Stock Units (RSUs) on April 1, 2024, which will vest in equal installments over four years.

Summary

• On April 3, 2024, a Form 4 filing was submitted to the SEC by Maite Garcia, attorney-in-fact for Steven P. Peltzman, CBTO of Forrester Research, Inc.
• The filing reports a transaction that occurred on April 1, 2024, where Peltzman was granted 16,802 Restricted Stock Units (RSUs).
• Each RSU represents the right to receive one share of Forrester Research, Inc. common stock upon vesting.
• The RSUs vest in four equal and consecutive installments, beginning on the first anniversary of the grant date.
• Following the reported transaction, Peltzman directly owns 16,802 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices that align management interests with shareholders.

Positives

• The grant of RSUs to a key officer like the CBTO, Steven P. Peltzman, aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The RSUs will vest over the next four years, converting into common stock and potentially increasing the number of outstanding shares.

Industry Context

Granting RSUs is a common practice in the industry to incentivize and retain key executives.

Stakeholder Impact

• Shareholders may see a slight dilution of their ownership as the RSUs vest and convert into common stock.
• Employees may view the RSU grant as a positive sign of the company's commitment to its executives.

Next Steps

• The RSUs will vest in four equal annual installments beginning on the first anniversary of the grant date.

Key Dates