Form 4: Forrester Research CFO Leo Christian Finn Reports Stock Transactions
SEC Form 4 Filing
Leo Christian Finn, CFO of Forrester Research, reports the conversion of restricted stock units into common stock and shares withheld for tax obligations.
Summary
- On March 1, 2024, Leo Christian Finn, the CFO of Forrester Research, converted restricted stock units into common stock.
- A total of 6,267 shares were acquired through the vesting of restricted stock units.
- 2,056 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these units at a price of $20.4 per share.
- Following these transactions, Finn directly owns 13,089 shares of Forrester Research common stock and 4,966 restricted stock units from the 2022 grant and 11,350 restricted stock units from the 2023 grant.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing routine stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Reporting person was granted 9934 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date. |
| 03/01/2023 | Reporting person was granted 15,133 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date. |
| 03/01/2024 | Date of transaction: conversion of restricted stock units and withholding of shares for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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