Form 4: Forrester Research Executive Sharyn Leaver Reports Stock Transactions
SEC Form 4 Filing
Sharyn Leaver, Chief Research Officer at Forrester Research, reports the vesting of restricted stock units and subsequent tax withholding, along with the grant of additional restricted stock units and stock options.
Summary
- On April 1, 2025, Sharyn Leaver, Chief Research Officer of Forrester Research, reported transactions involving the company's stock.
- 4,201 restricted stock units vested and were converted into common stock.
- 1,205 shares were withheld by Forrester Research to cover tax obligations related to the vesting of restricted stock units at a price of $9.36 per share.
- Leaver was granted 25,000 new restricted stock units that will vest in four equal annual installments starting April 1, 2026.
- Additionally, Leaver was granted 33,333 non-qualified stock options exercisable in four equal installments beginning March 31, 2026, at an exercise price of $9.36 per share, expiring on March 31, 2035.
- Following these transactions, Leaver directly owns 18,020 shares of Forrester Research common stock, 12,601 restricted stock units from previous grants, and 25,000 newly granted restricted stock units, and 33,333 non-qualified stock options.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but the granting of new equity suggests a degree of confidence in the company's future.
Positives
- The grant of new restricted stock units and stock options to a key executive like the Chief Research Officer suggests the company's commitment to retaining and incentivizing its leadership.
Future Outlook
The document does not contain specific forward-looking statements about the company's future performance, but it does detail the vesting schedule for restricted stock units and the exercisability of stock options, providing a timeline for potential future stock transactions by the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of restricted stock units and granting of stock options are common compensation practices used to align the interests of executives with those of shareholders.
Comparison to Industry Standards
- Stock option and RSU grants are standard compensation practices in the tech and research industries.
- Companies like Gartner and The NPD Group also utilize similar equity-based compensation to incentivize executives.
- The vesting schedules and exercise prices are generally in line with industry norms for executive compensation packages.
Stakeholder Impact
- Shareholders may view the equity grants as a positive sign of alignment between management and shareholder interests.
- Employees may see the grants as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of previous grant of 16,802 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 transaction: Vesting of restricted stock units, tax withholding, and grant of new restricted stock units and stock options. |
| 04/01/2025 | Date of grant of 25,000 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. |
| 03/31/2026 | First date that the non-qualified stock options become exercisable in four equal installments on the first, second, third, and fourth anniversaries of the grant date. |
| 04/01/2026 | First vesting date for the 25,000 newly granted restricted stock units. |
| 03/31/2035 | Expiration date of the non-qualified stock options. |
| 04/03/2025 | Date of filing of the Form 4. |
Keywords
Form 4, stock options, restricted stock units, insider trading, Sharyn Leaver, Forrester Research, FORR
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