STOCK TITAN

CRA International exec adds RSUs, holds 46.7K shares

EVP and Chief Corp Dev Officer Chad M. Holmes reported small RSU acquisitions and disclosed existing option and common stock holdings at CRAI.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CRA INTERNATIONAL, INC. (CRAI) reported that EVP and Chief Corp Dev Officer Chad M. Holmes filed a Form 4 for compensation-related equity activity on September 14, 2026. He reported several small acquisitions of restricted stock units, including dividend-equivalent units, tied to existing awards that vest between April 11, 2027 and May 20, 2027. The filing also lists his existing holdings of stock options and 46,683 shares of common stock held directly. No Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Holmes Chad M
Role EVP AND CHIEF CORP DEV OFFICER
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2 1.2616 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F3 2.2122 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F4 1.9028 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F5 3.5378 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F6 2.1902 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F7 5.443 $0.00 $0.00
holding Nonqualified Stock Option (right to buy) F8 -- -- --
holding Non-qualified stock options (right to buy) F8 -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 4,835.0266 contracts (Direct); Nonqualified Stock Option (right to buy) — 4,076 contracts (Direct); Non-qualified stock options (right to buy) — 4,425 contracts (Direct); Common Stock — 46,683 shares (Direct)
Footnotes (8)
  1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
  2. F2. The RSUs, which include an aggregate of 15.6174 Dividend Units, vest on April 11, 2027.
  3. F3. The RSUs, which include which include an aggregate of 27.3844 Dividend Units, vest on April 11, 2027.
  4. F4. The RSUs, which include an aggregate of 15.9696 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
  5. F5. The RSUs, which include an aggregate of 29.6984 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
  6. F6. The RSUs, which include an aggregate of 11.9324 Dividend Units, vest in three equal annual installments beginning on May 20, 2027.
  7. F7. The RSUs, which include an aggregate of 11.4244 Dividend Units, vest in four equal annual installments beginning on April 9, 2027.
  8. F8. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
RSU acquisition 1 1.2616 units Restricted stock units acquired on September 14, 2026 tied to RSUs vesting April 11, 2027
RSU acquisition 2 2.2122 units Restricted stock units acquired on September 14, 2026 tied to RSUs vesting April 11, 2027
RSU acquisition 3 5.4430 units Restricted stock units acquired on September 14, 2026 tied to RSUs vesting in four annual installments beginning April 9, 2027
Stock options at $44.87 4,076 underlying shares Nonqualified stock options with a $44.87 exercise price expiring December 18, 2027
Stock options at $47.45 4,425 underlying shares Non-qualified stock options with a $47.45 exercise price expiring December 6, 2028
Common stock holdings 46,683 shares Directly held CRAI common stock as of September 14, 2026
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Units financial
"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units")"
Nonqualified Stock Option financial
"Nonqualified Stock Option (right to buy) with an exercise price of 44.8700"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
vesting financial
"Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CRAI executive Chad M. Holmes report on this Form 4?

He reported six small acquisitions of restricted stock units on September 14, 2026, all compensation-related grants or adjustments including dividend-equivalent units that will vest on future dates in 2027, subject to the terms described in the award footnotes.

How many CRAI common shares does Chad M. Holmes hold after these transactions?

The Form 4 states that Chad M. Holmes directly holds 46,683 shares of CRAI common stock as of September 14, 2026. The reported restricted stock unit acquisitions are separate derivative awards that may settle in shares or cash upon vesting.

What restricted stock unit vesting schedule is disclosed for CRAI executive Chad M. Holmes?

The RSU awards, including dividend-equivalent units, are disclosed to vest on April 11, 2027, in two equal annual installments beginning April 29, 2027, in three equal annual installments beginning May 20, 2027, and in four equal annual installments beginning April 9, 2027, depending on the specific grant.

What stock options in CRAI does Chad M. Holmes have outstanding according to this filing?

He holds options over 4,076 shares of common stock at an exercise price of $44.87 expiring December 18, 2027, and options over 4,425 shares at an exercise price of $47.45 expiring December 6, 2028, all held directly.

Were Chad M. Holmes’s CRAI transactions made under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 plan is reported. The document-level checkbox for Rule 10b5-1 arrangements is not marked as being in effect for these transactions.

Do the CRAI Form 4 entries show any stock sales by Chad M. Holmes?

No. The Form 4 shows only acquisitions of restricted stock units and updated holdings information. The transaction summary reports no sales, no option exercises, and no dispositions during the reported period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Holmes Chad M

(Last)(First)(Middle)
200 CLARENDON STREET

(Street)
BOSTON MASSACHUSETTS 02116

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CRA INTERNATIONAL, INC. [ CRAI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP AND CHIEF CORP DEV OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock46,683D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/14/2026A1.2616 (2) (2)Common Stock1.2616$0368.6174D
Restricted Stock Units(1)09/14/2026A2.2122 (3) (3)Common Stock2.2122$0646.3844D
Restricted Stock Units(1)09/14/2026A1.9028 (4) (4)Common Stock1.9028$0555.9696D
Restricted Stock Units(1)09/14/2026A3.5378 (5) (5)Common Stock3.5378$01,033.6984D
Restricted Stock Units(1)09/14/2026A2.1902 (6) (6)Common Stock2.1902$0639.9324D
Restricted Stock Units(1)09/14/2026A5.443 (7) (7)Common Stock5.443$01,590.4244D
Nonqualified Stock Option (right to buy)$44.8712/18/2017(8)12/18/2027Common Stock4,0764,076D
Non-qualified stock options (right to buy)$47.4512/06/2018(8)12/06/2028Common Stock4,4254,425D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
2. The RSUs, which include an aggregate of 15.6174 Dividend Units, vest on April 11, 2027.
3. The RSUs, which include which include an aggregate of 27.3844 Dividend Units, vest on April 11, 2027.
4. The RSUs, which include an aggregate of 15.9696 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
5. The RSUs, which include an aggregate of 29.6984 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
6. The RSUs, which include an aggregate of 11.9324 Dividend Units, vest in three equal annual installments beginning on May 20, 2027.
7. The RSUs, which include an aggregate of 11.4244 Dividend Units, vest in four equal annual installments beginning on April 9, 2027.
8. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
Delia J. Makhlouta, by power of attorney09/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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