Form 4: Forrester Research Executive Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Michael Facemire, Chief Technology Officer of Forrester Research, exercised restricted stock units and disposed of shares to cover tax obligations on February 1, 2025.
Summary
- On February 1, 2025, Michael Facemire, the Chief Technology Officer of Forrester Research, Inc., exercised 388 restricted stock units (RSUs) which converted into common stock.
- Simultaneously, Mr. Facemire disposed of 134 shares of common stock at a price of $15.25 to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Mr. Facemire directly owns 255 shares of Forrester Research common stock and 1,162 derivative securities (Restricted Stock Units).
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates standard compensation practices involving stock-based compensation.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly in the technology sector, to align the interests of executives with those of shareholders.
- Companies like Gartner, Accenture, and McKinsey also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedules and tax withholding practices described in the document are typical for these types of equity awards.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may view the exercise of stock options and subsequent sale of shares as a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Reporting person was granted 1,550 Restricted Stock Units that unless earlier forfeited under the terms of the RSU, vests and convert into common stock in four equal installments on the first, second, third, and fourth anniversaries of the grant date. |
| 02/01/2025 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Stock Options, Forrester Research, Insider Trading
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