Form 4: Forrester Research CFO Finn Reports Stock Transactions

Forrester Research CFO Leo Christian Finn reported transactions involving restricted stock units converting to common stock and shares withheld for tax obligations.

Summary

• Leo Christian Finn, Chief Financial Officer of Forrester Research, Inc. (FORR), reported a series of transactions on April 1, 2026.
• These transactions involved the vesting and conversion of restricted stock units (RSUs) into common stock.
• A total of 14,335 shares were acquired upon vesting of RSUs, with no associated cost reported.
• Additionally, 4,207 shares were disposed of to cover tax withholding obligations related to the vesting of RSUs awarded on April 1, 2024, and April 1, 2025. These shares were sold at a price of $5.39 each.
• Following these transactions, Finn beneficially owns 41,476 shares directly.
• The filing also details the grant of new RSUs: 6,001 RSUs from a prior grant vested and converted, 2,446 RSUs from another prior grant vested and converted, and 50,000 new RSUs were granted on April 1, 2026.
• These RSUs vest and convert into common stock in four equal installments starting one year from the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine equity compensation transactions for an executive, which are standard practice and do not inherently signal positive or negative company performance.

Positives

• Vesting of restricted stock units indicates continued equity-based compensation and potential future value realization for the CFO.
• The grant of 50,000 new RSUs on April 1, 2026, suggests ongoing incentive alignment between management and shareholders.
• The conversion of RSUs into common stock increases the CFO's direct beneficial ownership.

Negatives

• 4,207 shares were withheld and disposed of to cover tax obligations, representing a reduction in the number of shares the CFO directly holds.
• The disposal of shares for tax withholding, while standard, reduces the immediate net gain in share count for the executive.

Risks

• The value of the vested RSUs and newly granted RSUs is subject to the future market performance of Forrester Research's common stock.
• Tax withholding obligations represent a recurring cost that reduces the net shares received by the reporting person.

Future Outlook

The filing indicates that newly granted Restricted Stock Units (50,000 on April 1, 2026) will vest and convert into common stock in four equal installments, beginning on the first anniversary of the grant date, suggesting a multi-year vesting schedule.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the vesting and granting of equity awards, are common in the technology and research sectors as a means to attract, retain, and incentivize key executives. The details of these transactions provide insight into management's ongoing compensation structure and their personal stake in the company's performance.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices and do not immediately alter the company's outstanding share count in a significant way beyond tax withholding.
• Employees: The filing indirectly highlights the company's use of equity compensation, which can influence employee morale and retention.
• Management: Leo Christian Finn's beneficial ownership is adjusted through these transactions, reflecting his ongoing compensation and investment in the company.

Next Steps

• Future vesting and conversion of the 50,000 RSUs granted on April 1, 2026, over the next four years.
• Potential future tax withholding obligations upon subsequent vesting events.

Key Dates

Keywords

Forrester Research, FORR, Form 4, SEC Filing, Insider Trading, Stock Options, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Chief Financial Officer, Leo Christian Finn, Tax Withholding