Form 4: Forrester Research CFO Leo Christian Finn Reports Stock Transactions

Leo Christian Finn, CFO of Forrester Research, reports the vesting of restricted stock units and subsequent share withholding for tax obligations.

Summary

• On October 1, 2024, Leo Christian Finn, the CFO of Forrester Research, had restricted stock units vest and convert into 5,040 shares of common stock.
• The company withheld 1,479 shares at a price of $16.93 to cover tax obligations related to the vesting.
• Following these transactions, Finn directly owns 16,650 shares of common stock and 5,040 restricted stock units.
• These restricted stock units represent the right to receive one share of Forrester Research, Inc. common stock upon vesting.
• The restricted stock units were granted on October 1, 2021, and vest in four equal annual installments.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the standard practice of granting stock-based compensation to align executive interests with shareholder value.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to incentivize executives.
• The vesting schedule of the restricted stock units (four equal annual installments) is a fairly standard approach.
• Withholding shares to cover tax obligations is also a common practice to simplify tax reporting for employees.

Stakeholder Impact

• The vesting of stock options and subsequent tax obligations have a minor impact on the company's share structure.
• The transactions do not have a material impact on the company's financial performance.

Key Dates