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

Forrester Research, Inc. Director Robert Paul Bennett has been granted 8,000 Restricted Stock Units (RSUs) as part of the company's equity incentive plan, aligning his interests with long-term shareholder value.

Summary

• Robert Paul Bennett, 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.
• These RSUs were issued at a price of $0 per unit, indicating an equity grant rather than a purchase.
• The grant is made pursuant to the Forrester Research, Inc. Amended and Restated Equity Incentive Plan.
• Upon vesting, each RSU will convert into one share of common stock.
• The RSUs will vest in four equal and consecutive installments:
• The first tranche vests on September 1, 2025.
• The second tranche vests on December 1, 2025.
• The third tranche vests on March 1, 2026.
• The final balance of shares vests on June 1, 2026.
• Following this transaction, Robert Paul Bennett beneficially owns a total of 19,305 shares of Forrester Research, Inc. common stock directly.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates standard, healthy corporate governance practices related to executive compensation and alignment of director interests with shareholders. It's not a major market-moving event but a positive operational detail.

Positives

• The grant of 8,000 Restricted Stock Units to a director aligns management's interests with long-term shareholder value, as the value of the compensation is tied to the company's stock performance.
• The use of an equity incentive plan demonstrates the company's commitment to attracting and retaining key talent through performance-based compensation.

Future Outlook

The document outlines a future vesting schedule for the granted Restricted Stock Units, with tranches converting to common stock on September 1, 2025, December 1, 2025, March 1, 2026, and June 1, 2026.

Management Comments

• The securities awarded on June 2, 2025 are in the form of Restricted Stock Units issued pursuant to the Forrester Research, Inc. Amended and Restated Equity Incentive Plan that entitle the reporting person, upon vesting, to receive one share of common stock per Restricted Stock Unit.

Industry Context

The grant of Restricted Stock Units is a common practice in the technology and research industry for compensating directors and executives, aligning their long-term incentives with company performance and shareholder returns. This is a standard mechanism for equity-based compensation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a widely adopted practice across publicly traded companies, including those in the research and advisory sector like Gartner, Inc. (IT) or IDC (part of IDG).
• The vesting schedule, typically over several years, is standard for encouraging long-term commitment and performance, comparable to similar equity incentive plans at companies such as Accenture (ACN) or Cognizant Technology Solutions (CTSH) for their senior leadership.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions aimed at increasing stock value.

Next Steps

• The Restricted Stock Units will vest in four equal installments on September 1, 2025, December 1, 2025, March 1, 2026, and June 1, 2026, at which point they will convert into common stock.

Key Dates

Keywords

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