Form 4: Forrester Research Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Ryan Darrah, Chief Legal Officer of Forrester Research, reports the vesting of restricted stock units and subsequent share withholding for tax obligations.
Summary
- Ryan Darrah, the Chief Legal Officer of Forrester Research, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 1, 2024, restricted stock units vested and were converted into 3,446 shares of common stock.
- Also on March 1, 2024, 1,193 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these restricted stock units at a price of $20.4.
- Following these transactions, Darrah directly owns 21,875 shares of Forrester Research common stock and 8,974 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the normal course of compensation and tax management for a company executive.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Reporting person was granted 5,463 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 8,323 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 | Restricted stock units vested and shares were withheld for tax obligations. |
| 03/05/2024 | Date of Form 4 filing. |
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