CRA International (CRAI) CEO reports RSU exercise and tax-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CRA International, Inc. director and CEO Paul A. Maleh reported routine equity compensation activity involving restricted stock units (RSUs) and stock options. On May 20, 2026, he exercised RSU-based derivative rights to acquire 1,110.8255 shares of common stock coded as a derivative exercise.
In connection with this, 531 shares of common stock were disposed of to satisfy tax obligations, and an additional 12.8255 shares were disposed to the issuer. Following these transactions, one line in the filing shows direct ownership of 119,093.8255 common shares, while derivative holdings include stock options exercisable at $47.4500 and $44.8700 per share and multiple RSU grants that vest between April 2027 and May 2029.
Positive
- None.
Negative
- None.
Insights
Routine RSU exercise with tax withholding; limited signaling value.
Paul A. Maleh, CEO of CRA International, Inc., exercised RSU-derived rights for 1,110.8255 common shares while 531 shares were withheld for taxes and 12.8255 shares were disposed to the issuer. This pattern aligns with standard equity compensation settlement rather than discretionary open-market trading.
The filing also lists sizable remaining derivative positions, including nonqualified stock options at exercise prices of $47.4500 and $44.8700 expiring in 2028 and 2027, plus RSU grants that vest between April 2027 and future anniversaries. With no open-market buys or sells reported and substantial equity still held, the informational impact for investors appears neutral.
Insider Trade Summary
1,110.826 shares exercised/converted
Mixed
11 txns
Insider
Maleh Paul A
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,110.826 | $0.00 | -- |
| Exercise | Common Stock | 1,110.826 | $0.00 | -- |
| Disposition | Common Stock | 12.826 | $148.01 | $2K |
| Tax Withholding | Common Stock | 531 | $148.01 | $79K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Nonqualified Stock Option (right to buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,332.477 shares (Direct, null);
Common Stock — 119,093.826 shares (Direct, null);
Nonqualified Stock Option (right to buy) — 16,304 shares (Direct, null)
Footnotes (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 38.4765 Dividend Units, vest in three equal annual installments beginning on May 20, 2027. The RSUs vest in four equal annual installments beginning on April 9, 2027. The RSUs, which include an aggregate of 97.0119 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 55.2585 Dividend Units, vest on April 11, 2027. The RSUs, which include an aggregate of 62.8270 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 116.8453 Dividend Units, vest in two equal annual installments beginning on April 29, 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
RSU exercise shares: 1,110.8255 shares
Tax withholding shares: 531 shares
Issuer disposition: 12.8255 shares
+5 more
8 metrics
RSU exercise shares
1,110.8255 shares
Common stock acquired via derivative exercise on May 20, 2026
Tax withholding shares
531 shares
Common shares disposed to cover tax liability on May 20, 2026
Issuer disposition
12.8255 shares
Common shares disposed to issuer on May 20, 2026
Direct common shares
119,093.8255 shares
Direct CRAI common stock holding after exercise transaction
Option exercise price 1
$47.4500/share
Nonqualified stock option on common stock expiring December 6, 2028
Option exercise price 2
$44.8700/share
Nonqualified stock option on common stock expiring December 18, 2027
Largest RSU block
6,800.0000 units
Restricted stock units on common stock with $0.0000 exercise price
RSUs with Dividend Units
97.0119 Dividend Units
Dividend Units included in RSUs vesting April 11, 2027
Key Terms
Restricted Stock Units, Dividend Units, Nonqualified Stock Option, tax-withholding disposition, +2 more
6 terms
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
"additional RSUs ("Dividend Units") when and as dividends are paid"
Nonqualified Stock Option financial
"Nonqualified Stock Option (right to buy)"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
issuer disposition financial
"Disposition to issuer"
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did CRAI CEO Paul A. Maleh report in this Form 4?
Paul A. Maleh reported an RSU-related derivative exercise for 1,110.8255 CRAI common shares, with some shares withheld for taxes and a small amount returned to the issuer. The filing reflects routine equity compensation activity rather than open-market buying or selling.
What is Paul A. Maleh’s CRAI common stock position after these transactions?
One transaction line in the Form 4 shows Paul A. Maleh directly holding 119,093.8255 CRAI common shares after the RSU-related exercise. The filing also lists additional derivative positions, including nonqualified stock options and restricted stock units that may convert into more shares over time.
What stock options and RSUs does the CRAI CEO still hold?
The filing lists nonqualified stock options on CRAI common stock with exercise prices of $47.4500 and $44.8700, expiring in 2028 and 2027. It also details multiple restricted stock unit grants and dividend units scheduled to vest between April 2027 and May 2029, providing future share delivery potential.