Form 4: Forrester Research Executive Shirley Macbeth Reports Stock Transactions
SEC Form 4 Filing
Shirley Macbeth, Chief Marketing Officer of Forrester Research, reports the vesting and conversion of restricted stock units into common stock, along with shares withheld for tax obligations.
Summary
- On March 1, 2024, Shirley Macbeth, Chief Marketing Officer of Forrester Research, Inc., reported transactions involving common stock and restricted stock units.
- 3,446 restricted stock units vested and were converted into common stock at a price of $0 per share.
- 1,193 shares were withheld by Forrester Research to cover tax obligations related to the vesting of restricted stock units at a price of $20.4 per share.
- Following these transactions, Macbeth directly owns 11,058 shares of Forrester Research common stock and 8,974 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting scheduled vesting of stock options and tax withholding, so it doesn't indicate particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
- The transactions have a minor dilutive effect due to the issuance of new shares upon vesting of 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 | Date of transaction: vesting of restricted stock units and withholding of shares for taxes. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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