Form 4: Forrester Research Executive Michael Kasparian Reports Stock Transactions
SEC Form 4 Filing
Michael Kasparian, Chief Information Officer of Forrester Research, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2024, Michael Kasparian, Chief Information Officer of Forrester Research, had restricted stock units vest into common stock.
- A total of 3,446 restricted stock units were converted into common stock.
- 1,193 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these units at a price of $20.4 per share.
- Following these transactions, Kasparian directly owns 15,545 shares of Forrester Research common stock and 6,243 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative 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.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
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 converted into common stock; shares withheld for tax obligations. |
| 03/05/2024 | Date of Form 4 signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.