Form 4: Forrester Research Executive Sharyn Leaver Reports Stock Transactions

Sharyn Leaver, Chief Research Officer at Forrester Research, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On August 1, 2024, Sharyn Leaver, Chief Research Officer of Forrester Research, Inc., had restricted stock units vest and convert into common stock.
• Specifically, 1,520 restricted stock units were converted into common stock.
• Additionally, 443 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these units at a price of $19.03.
• Following these transactions, Leaver directly owns 12,335 shares of Forrester Research common stock and 826 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the tech and research industries, used to align executive incentives with company performance.
• Companies like Gartner (IT) and Accenture (ACN) also utilize restricted stock units as part of their compensation packages for key employees.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting.
• The tax withholding benefits the government.

Key Dates