Form 4: Forrester Research Chief Accounting Officer Scott Chouinard Reports Stock Transactions
SEC Form 4 Filing
Scott Chouinard, Chief Accounting Officer of Forrester Research, reports the vesting and conversion of restricted stock units into common stock, along with shares withheld for tax obligations.
Summary
- On August 1, 2024, Scott Chouinard, the Chief Accounting Officer of Forrester Research, Inc., had restricted stock units vest and convert into common stock.
- Specifically, 1,620 restricted stock units were converted into common stock.
- Additionally, 474 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these units at a price of $19.03 per share.
- Chouinard also reported indirect ownership of 1,246 shares held by his spouse.
- Following these transactions, Chouinard directly owns 7,874 shares of Forrester Research common stock and indirectly owns 1,246 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 08/03/2020 | Reporting person was granted 2,778 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2021, August 1, 2022, August 1, 2023 and August 1, 2024. |
| 08/01/2023 | Reporting person was granted 3,702 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. |
| 08/01/2024 | Restricted stock units vested and converted into common stock; shares withheld for tax obligations. |
| 08/05/2024 | Date of the Form 4 filing. |
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