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CRA International CEO gets new 2026 RSU awards

CRAI’s CEO received several time‑vested RSU awards that include Dividend Units, while retaining sizeable common stock and option positions.

(Neutral)
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Form Type
4

Rhea-AI Filing Summary

CRA INTERNATIONAL, INC. (symbol: CRAI) is the issuer of record for a Form 4 filing submitted to the SEC. Maleh Paul A reported acquisition or exercise transactions in this Form 4 filing.

CRA INTERNATIONAL, INC. (CRAI) reported that President and CEO Paul A. Maleh received multiple grants of Restricted Stock Units on September 14, 2026, each tied to future vesting dates in 2027 and later and structured to include Dividend Units. The filing also shows his existing common stock and stock option holdings.

Positive

  • None.

Negative

  • None.
Insider Maleh Paul A
Role PRESIDENT AND CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2 5.375 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F3 9.4349 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F4 9.9823 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F5 18.5659 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F6 11.4876 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F7 23.4408 $0.00 $0.00
holding Nonqualified Stock Option (right to buy) F8 -- -- --
holding Nonqualified Stock Option (right to buy) F8 -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 22,874.7358 contracts (Direct); Nonqualified Stock Option (right to buy) — 31,477 contracts (Direct); Common Stock — 103,550 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 66.5402 Dividend Units, vest on April 11, 2027.
  3. F3. The RSUs, which include an aggregate of 116.8150 Dividend Units, vest on April 11, 2027.
  4. F4. The RSUs, which include an aggregate of 83.7790 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
  5. F5. The RSUs, which include an aggregate of 155.8135 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
  6. F6. The RSUs, which include an aggregate of 62.5881 Dividend Units, vest in three equal annual installments beginning on May 20, 2027.
  7. F7. The RSUs, which include an aggregate of 49.2000 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 grant example 1 5.3750 units Restricted Stock Units granted September 14, 2026, including 66.5402 Dividend Units, vesting April 11, 2027
RSU grant example 2 23.4408 units Restricted Stock Units granted September 14, 2026, including 49.2000 Dividend Units, vesting in four annual installments beginning April 9, 2027
Stock options at $44.87 16,304 shares underlying Nonqualified stock option on CRAI common stock at $44.87, expiring December 18, 2027
Stock options at $47.45 15,173 shares underlying Nonqualified stock option on CRAI common stock at $47.45, expiring December 6, 2028
Direct common stock holdings 103,550 shares Direct CRAI common stock held by Paul A. Maleh as of the reported date
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 (right to buy) financial
"Nonqualified Stock Option (right to buy) with an exercise price of 44.8700"
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 equity awards did CRAI CEO Paul A. Maleh receive on September 14, 2026?

On September 14, 2026, Paul A. Maleh received several Restricted Stock Unit (RSU) awards, each representing a contingent right to receive CRAI common stock and including associated Dividend Units, with vesting schedules beginning in 2027 as described in the footnotes.

How do the CRAI RSUs reported for Paul A. Maleh vest?

The RSUs reported for Paul A. Maleh vest on various schedules: some vest on April 11, 2027, others in two equal annual installments beginning April 29, 2027, others in three installments beginning May 20, 2027, and others in four installments beginning April 9, 2027.

What common stock holdings does CRAI CEO Paul A. Maleh report after these transactions?

After the reported transactions, Paul A. Maleh holds 103,550 shares of CRAI common stock directly. This figure reflects his direct ownership position as of the date of the Form 4 entry for common stock holdings.

What stock options does CRAI’s CEO hold according to this Form 4?

Paul A. Maleh holds nonqualified stock options on 16,304 CRAI shares at an exercise price of $44.87 expiring December 18, 2027, and options on 15,173 shares at $47.45 expiring December 6, 2028, all held directly.

Are the CRAI RSUs for Paul A. Maleh payable in stock or cash?

Each RSU represents a contingent right to receive one share of CRAI common stock, but vested RSUs may be paid in cash, shares, or a combination. Any shares due are delivered as soon as possible after vesting and no later than two and a half months after the year of vesting.

Were the CRAI insider transactions under a Rule 10b5-1 trading plan?

No Rule 10b5-1 trading plan is reported for these transactions. The document-level checkbox for such a plan is not marked as being used in connection with the reported awards and holdings.

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*
Maleh Paul A

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
PRESIDENT AND CEO
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 Stock103,550D
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)09/14/2026A5.375 (2) (2)Common Stock5.375$01,570.5402D
Restricted Stock Units(1)09/14/2026A9.4349 (3) (3)Common Stock9.4349$02,756.815D
Restricted Stock Units(1)09/14/2026A9.9823 (4) (4)Common Stock9.9823$02,916.779D
Restricted Stock Units(1)09/14/2026A18.5659 (5) (5)Common Stock18.5659$05,424.8135D
Restricted Stock Units(1)09/14/2026A11.4876 (6) (6)Common Stock11.4876$03,356.5881D
Restricted Stock Units(1)09/14/2026A23.4408 (7) (7)Common Stock23.4408$06,849.2D
Nonqualified Stock Option (right to buy)$44.8712/18/2017(8)12/18/2027Common Stock16,30416,304D
Nonqualified Stock Option (right to buy)$47.4512/06/2018(8)12/06/2028Common Stock15,17315,173D
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 66.5402 Dividend Units, vest on April 11, 2027.
3. The RSUs, which include an aggregate of 116.8150 Dividend Units, vest on April 11, 2027.
4. The RSUs, which include an aggregate of 83.7790 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
5. The RSUs, which include an aggregate of 155.8135 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
6. The RSUs, which include an aggregate of 62.5881 Dividend Units, vest in three equal annual installments beginning on May 20, 2027.
7. The RSUs, which include an aggregate of 49.2000 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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