Form 4: Forrester Research Executive Reports Stock Transactions

Sharyn Leaver, Chief Research Officer at Forrester Research, Inc., reported transactions involving restricted stock units converting to common stock and shares withheld for tax obligations.

Summary

• Sharyn Leaver, Chief Research Officer at Forrester Research, Inc. (FORR), reported a series of transactions on April 1, 2026.
• These transactions involved the conversion of restricted stock units (RSUs) into common stock upon vesting.
• A total of 10,451 shares were acquired through the conversion of RSUs, with no associated cost reported.
• Additionally, 2,956 shares were withheld by the issuer to cover tax obligations arising from the vesting of RSUs awarded on April 1, 2024, and April 1, 2025. These shares were disposed of at a price of $5.39 each.
• Following these transactions, Leaver beneficially owns 31,760 shares directly.
• The filing also details the grant of 30,000 new RSUs on April 1, 2026, which vest and convert into common stock over four years.
• Previous RSU grants from April 1, 2024 (16,802 units) and April 1, 2025 (25,000 units) are also noted, with their vesting schedules described.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine equity vesting and tax-related share disposals by an executive, rather than significant strategic or financial performance indicators.

Positives

• Vesting of restricted stock units indicates continued equity-based compensation for a key executive.
• The grant of 30,000 new RSUs suggests ongoing incentive alignment between management and shareholders.
• The company is managing tax withholding obligations efficiently through share withholding.

Negatives

• The withholding of 2,956 shares for tax purposes represents a disposal of equity, albeit for a necessary obligation.

Risks

• The vesting of RSUs and subsequent conversion into common stock could lead to increased selling pressure on the stock if the executive decides to sell a significant portion.
• Future tax withholding obligations could result in further disposals of company stock by the reporting person.

Future Outlook

The filing indicates that newly granted Restricted Stock Units (30,000 units) will vest and convert into common stock over four equal installments, beginning on the first anniversary of the grant date (April 1, 2026).

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The activity reported by Forrester Research's Chief Research Officer is typical for executives receiving equity-based compensation, reflecting standard compensation practices within the technology and research services industry.

Stakeholder Impact

• Shareholders: The conversion of RSUs into common stock could increase the float, potentially impacting share price if shares are sold. The withholding of shares for taxes is a standard practice and does not represent a new sale of shares to the market.
• Employees: The RSU grants and vesting reflect the company's compensation strategy for its executives.
• Management: Sharyn Leaver continues to hold a significant number of shares, indicating continued alignment with shareholder interests.

Next Steps

• Vesting and conversion of 30,000 RSUs granted on April 1, 2026, over the next four years.
• Potential future sales of common stock by Sharyn Leaver as RSUs vest and are converted.

Key Dates

Keywords

Form 4, SEC Filing, Forrester Research, FORR, Stock Transaction, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Insider Trading, Executive Compensation, Tax Withholding