Form 4: Forrester Research Executive Scott Chouinard Reports Stock Transactions
SEC Form 4 Filing
Chief Accounting Officer Scott Chouinard reports the vesting of restricted stock units and subsequent tax withholding by Forrester Research.
Summary
- On April 1, 2025, Scott Chouinard, Chief Accounting Officer of Forrester Research, Inc., reported transactions involving Forrester Research common stock and restricted stock units.
- 1,440 restricted stock units vested and were converted into common stock.
- 498 shares were withheld by Forrester Research to satisfy tax obligations related to the vesting of these units at a price of $9.36.
- Chouinard was also granted 12,820 new restricted stock units on April 1, 2025, which vest in four equal installments beginning on April 1, 2026.
- Following these transactions, Chouinard directly owns 9,303 shares of common stock and indirectly owns 1,246 shares through a spouse.
- He also directly owns 4,320 restricted stock units from a previous grant and 12,820 restricted stock units from the new grant.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The vesting of restricted stock units indicates continued employment and contribution by a key executive.
Future Outlook
The reporting person will continue to receive shares as the restricted stock units vest over the next several years.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at Forrester Research.
Comparison to Industry Standards
- Equity compensation is a common practice among publicly traded companies, particularly in the tech and research sectors.
- Companies like Gartner (IT) and Accenture (ACN) also utilize restricted stock units as part of their compensation packages for executives.
- The vesting schedules and tax withholding practices described in this filing are typical for such arrangements.
Stakeholder Impact
- The transactions have a minor impact on shareholders due to the small number of shares involved.
- The vesting of restricted stock units incentivizes the executive to remain with the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Reporting person was granted 5,760 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. |
| 04/01/2025 | Date of earliest transaction; vesting of restricted stock units and tax withholding; grant of new restricted stock units. |
| 04/01/2025 | Reporting person was granted 12,820 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. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
| 04/01/2026 | First vesting date for the 12,820 restricted stock units granted on April 1, 2025. |
Keywords
Form 4, insider trading, restricted stock units, stock vesting, Scott Chouinard, Forrester Research, FORR, Chief Accounting Officer
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.