Form 4: Forrester Research Director Awarded 8,000 Restricted Stock Units

Forrester Research, Inc. Director Cory Munchbach was awarded 8,000 Restricted Stock Units, which will vest in installments through June 2026, increasing their beneficial ownership to 14,737 shares.

Summary

• Cory Munchbach, a Director at Forrester Research, Inc. (FORR), was awarded 8,000 shares of Common Stock in the form of Restricted Stock Units (RSUs) on June 2, 2025.
• The RSUs were issued at a price of $0, as they represent an equity award under the Forrester Research, Inc. Amended and Restated Equity Incentive Plan.
• Following this transaction, Cory Munchbach's total beneficial ownership of Forrester Research common stock increased to 14,737 shares.
• The awarded Restricted Stock Units are scheduled to vest and convert into common stock in four equal and consecutive installments.
• The first tranche of RSUs will vest on September 1, 2025, with subsequent equal tranches vesting on December 1, 2025, and March 1, 2026, and the final balance vesting on June 1, 2026.

Sentiment

Score: 7

Explanation: The award of Restricted Stock Units to a director is a positive sign of aligning management interests with shareholders, though it's a routine compensation event rather than a significant strategic development that would dramatically alter the company's outlook.

Positives

• The award of Restricted Stock Units to a director helps align management's long-term interests with those of the shareholders, promoting shareholder value creation.
• The equity incentive plan demonstrates the company's commitment to retaining and incentivizing key personnel through performance-based compensation.

Future Outlook

The future outlook involves the scheduled vesting of the 8,000 Restricted Stock Units in four equal installments, with the final vesting occurring on June 1, 2026, which will result in the issuance of common stock to the reporting person.

Management Comments

• The filing reflects the company's ongoing strategy to compensate its directors through equity awards, aligning their interests with long-term shareholder value, as per the Forrester Research, Inc. Amended and Restated Equity Incentive Plan.

Industry Context

This Form 4 filing details an insider transaction, specifically an equity award to a director, which is a common practice across various industries for executive and director compensation to align their interests with company performance and shareholder returns.

Related Party Transactions

• The award of Restricted Stock Units to Director Cory Munchbach is a standard compensation practice under the company's equity incentive plan, representing a transaction between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The award aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While specific to a director, such equity incentive plans can signal a broader commitment to performance-based compensation, potentially impacting employee morale and retention strategies.

Next Steps

• The vesting of the Restricted Stock Units will occur in four equal tranches on September 1, 2025, December 1, 2025, March 1, 2026, and June 1, 2026, at which point the shares will convert into common stock.

Key Dates

Recommendation

Keywords

Forrester Research, FORR, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Incentive Plan, Director Compensation, Stock Award