CRA International (NASDAQ: CRAI) EVP logs RSU awards and stock option holdings

Rhea-AI Filing Summary

Holmes Chad M reported acquisition or exercise transactions in this Form 4 filing.

CRA International EVP and Chief Corporate Development Officer Chad M. Holmes reported updated equity holdings, primarily reflecting routine equity awards rather than trading activity. He holds 46,683 shares of common stock directly, plus non-qualified stock options to buy 4,425 shares at $47.45 per share expiring on December 6, 2028 and 4,076 shares at $44.87 per share expiring on December 18, 2027.

The filing also shows several small Restricted Stock Unit grants, including Dividend Units that accrue when dividends are paid. These RSUs, which in some cases include 5.9814, 14.3558, 25.1722, 14.0668, 26.1606 and 9.7422 Dividend Units, generally vest between April 9, 2027 and May 20, 2027. Vested RSUs may be settled in cash, shares, or a combination, subject to tax withholding.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Holmes Chad M

Role EVP AND CHIEF CORP DEV OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5.981	$0.00	--
Grant/Award	Restricted Stock Units	1.386	$0.00	--
Grant/Award	Restricted Stock Units	2.431	$0.00	--
Grant/Award	Restricted Stock Units	2.091	$0.00	--
Grant/Award	Restricted Stock Units	3.888	$0.00	--
Grant/Award	Restricted Stock Units	2.407	$0.00	--
holding	Nonqualified Stock Option (right to buy)	--	--	--
holding	Non-qualified stock options (right to buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,584.981 shares (Direct, null); Nonqualified Stock Option (right to buy) — 4,076 shares (Direct, null); Non-qualified stock options (right to buy) — 4,425 shares (Direct, null); Common Stock — 46,683 shares (Direct, null)

Footnotes (1)

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. The RSUs, which include an aggregate of 5.9814 Dividend Units, vest in four equal annual installments beginning on April 9, 2027. The RSUs, which include an aggregate of 14.3558 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 25.1722 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 14.0668 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 26.1606 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 9.7422 Dividend Units, vest in three equal annual installments beginning on May 20, 2027. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.

Key Figures

Common stock holdings: 46,683 shares Option grant 1 exercise price: $47.45/share Option grant 2 exercise price: $44.87/share +3 more

6 metrics

Common stock holdings 46,683 shares Shares of CRA International common stock held directly after transactions

Option grant 1 exercise price $47.45/share Non-qualified stock options expiring December 6, 2028 on 4,425 underlying shares

Option grant 2 exercise price $44.87/share Nonqualified stock options expiring December 18, 2027 on 4,076 underlying shares

RSU position 1 637.7422 units Restricted Stock Units including Dividend Units after acquisition of 2.4068 units

RSU position 2 1,584.9814 units Restricted Stock Units including 5.9814 Dividend Units, vesting in four installments from April 9, 2027

Derivative transactions count 6 RSU acquisitions Grant/award acquisitions coded as A on June 12, 2026

Key Terms

Restricted Stock Units, Dividend Units, non-qualified stock options (right to buy), dividend equivalent rights, +1 more

5 terms

Restricted Stock Units financial

"The filing also shows several small Restricted Stock Unit grants, including Dividend Units that accrue when dividends are paid."

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") when and as dividends are paid."

non-qualified stock options (right to buy) financial

"Non-qualified stock options (right to buy) with an exercise price of $47.4500 per share expiring on December 6, 2028."

dividend equivalent rights financial

"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units")."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

vest financial

"The RSUs, which include an aggregate of 5.9814 Dividend Units, vest in four equal annual installments beginning on April 9, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP AND CHIEF CORP DEV OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								46,683	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/12/2026		A		5.9814		(2)	(2)	Common Stock	5.9814	$0	1,584.9814	D
Restricted Stock Units	(1)	06/12/2026		A		1.3863		(3)	(3)	Common Stock	1.3863	$0	367.3558	D
Restricted Stock Units	(1)	06/12/2026		A		2.431		(4)	(4)	Common Stock	2.431	$0	644.1722	D
Restricted Stock Units	(1)	06/12/2026		A		2.091		(5)	(5)	Common Stock	2.091	$0	554.0668	D
Restricted Stock Units	(1)	06/12/2026		A		3.8876		(6)	(6)	Common Stock	3.8876	$0	1,030.1606	D
Restricted Stock Units	(1)	06/12/2026		A		2.4068		(7)	(7)	Common Stock	2.4068	$0	637.7422	D
Nonqualified Stock Option (right to buy)	$44.87							12/18/2017(8)	12/18/2027	Common Stock	4,076		4,076	D
Non-qualified stock options (right to buy)	$47.45							12/06/2018(8)	12/06/2028	Common Stock	4,425		4,425	D

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 5.9814 Dividend Units, vest in four equal annual installments beginning on April 9, 2027.

3. The RSUs, which include an aggregate of 14.3558 Dividend Units, vest on April 11, 2027.

4. The RSUs, which include an aggregate of 25.1722 Dividend Units, vest on April 11, 2027.

5. The RSUs, which include an aggregate of 14.0668 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

6. The RSUs, which include an aggregate of 26.1606 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

7. The RSUs, which include an aggregate of 9.7422 Dividend Units, vest in three equal annual installments beginning on May 20, 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 attorney	06/16/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did CRAI executive Chad M. Holmes report in this Form 4?

Chad M. Holmes reported his updated equity holdings, including common stock, stock options, and restricted stock units. The filing mainly reflects routine compensation awards and position updates, not any open-market purchases or sales of CRA International (CRAI) shares.

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

Following the reported transactions, Chad M. Holmes holds 46,683 shares of CRA International common stock directly. This figure reflects his post-transaction position and provides context for his equity exposure as an executive of CRA International (CRAI).

What stock options does Chad M. Holmes hold in CRA International (CRAI)?

Holmes holds non-qualified stock options to buy 4,425 CRAI shares at $47.45 per share expiring December 6, 2028, and 4,076 shares at $44.87 per share expiring December 18, 2027. These options provide potential future share acquisitions if exercised.

What Restricted Stock Units were reported for Chad M. Holmes at CRAI?

The filing shows several small Restricted Stock Unit awards, including Dividend Units that accrue as dividends are paid. These RSUs generally vest between April 9, 2027 and May 20, 2027, and can be settled in cash, CRAI shares, or a combination, after vesting.

Do the reported CRAI RSUs for Chad M. Holmes include Dividend Units?

Yes. Footnotes explain the RSUs include Dividend Units that accrue when CRA International pays dividends. Examples include awards with 5.9814, 14.3558, 25.1722, 14.0668, 26.1606 and 9.7422 Dividend Units, which vest on the same schedule as their underlying RSUs.

Does this CRAI Form 4 show any stock being bought or sold on the market?

No open-market purchases or sales are indicated. The transaction summary shows six acquisition-type entries for RSU grants and no buy or sell transactions, so the filing mainly documents routine equity awards and holdings, not trading in CRA International shares.