Form 4: Forrester Research Executive Steven P. Peltzman Reports Stock Transactions
SEC Form 4 Filing
Steven P. Peltzman, a CBTO at Forrester Research, reported the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On March 1, 2024, Steven P. Peltzman, CBTO of Forrester Research, had restricted stock units vest and convert into common stock.
- A total of 3,446 shares were acquired through the vesting of restricted stock units.
- 1,506 shares were withheld by Forrester Research to cover tax obligations related to the vesting of these units at a price of $20.4 per share.
- Following these transactions, Peltzman's direct ownership decreased to 19,021 shares of common stock.
- The restricted stock units that vested were granted on March 1, 2022 (5,463 units) and March 1, 2023 (8,323 units), vesting in equal installments annually.
Sentiment
Score: 5
Explanation: This is a neutral report on routine stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding practices on vesting shares are standard across publicly traded companies to ensure compliance with tax regulations.
- Similar filings are regularly made by executives at comparable companies like Gartner (IT) and Accenture (ACN) when they exercise stock options or have restricted stock units vest.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The transactions have a minor impact on the overall share structure.
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 | Restricted stock units vested and converted into common stock; shares withheld for tax obligations. |
| 03/05/2024 | Date of Form 4 filing. |
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