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CRA International (NASDAQ: CRAI) insider reports new RSU grants and holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CRA International, Inc. reported that its President and CEO, who also serves as a director, received several restricted stock unit (RSU) awards on 12/12/2025. Each RSU represents a contingent right to receive one share of common stock, payable in cash, shares, or a combination, and accrues additional RSUs as dividend equivalent rights when dividends are paid.

The new RSU grants include Dividend Units such as 88.4555, 127.3641, 99.3368, 174.3620, 78.6585 and 35.3720 units in different awards, with vesting dates on March 10, 2026 and in annual installments beginning April 11, 2026, April 29, 2026 and May 20, 2026. After these transactions, the reporting person beneficially owned 116,545 shares of common stock directly, as well as nonqualified stock options covering 16,304 shares at an exercise price of $44.87 and 15,173 shares at $47.45.

Positive

  • None.

Negative

  • None.
Insider Maleh Paul A
Role PRESIDENT AND CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 5.572 $0.00 --
Grant/Award Restricted Stock Units 8.023 $0.00 --
Grant/Award Restricted Stock Units 8.823 $0.00 --
Grant/Award Restricted Stock Units 15.485 $0.00 --
Grant/Award Restricted Stock Units 12.288 $0.00 --
Grant/Award Restricted Stock Units 12.572 $0.00 --
holding Nonqualified Stock Option (right to buy) -- -- --
holding Nonqualified Stock Option (right to buy) -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,962.456 shares (Direct); Nonqualified Stock Option (right to buy) — 16,304 shares (Direct); Common Stock — 116,545 shares (Direct)
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 88.4555 Dividend Units, vest on March 10, 2026. The RSUs, which include an aggregate of 127.3641 Dividend Units, vest on March 10, 2026. The RSUs, which include an aggregate of 99.3368 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include an aggregate of 174.3620 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include an aggregate of 78.6585 Dividend Units, vest in three equal annual installments beginning on April 29, 2026. The RSUs, which include an aggregate of 35.3720 Dividend Units, vest in four equal annual installments beginning on May 20, 2026. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
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*
Maleh Paul A
(Last) (First) (Middle)
200 CLARENDON STREET
(Street)
BOSTON MA 02116
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CRA INTERNATIONAL, INC. [ CRAI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 116,545 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) 12/12/2025 A 5.5724 (2) (2) Common Stock 5.5724 $0 1,962.4555 D
Restricted Stock Units (1) 12/12/2025 A 8.0226 (3) (3) Common Stock 8.0226 $0 2,825.3641 D
Restricted Stock Units (1) 12/12/2025 A 8.8232 (4) (4) Common Stock 8.8232 $0 3,107.3368 D
Restricted Stock Units (1) 12/12/2025 A 15.4848 (5) (5) Common Stock 15.4848 $0 5,453.362 D
Restricted Stock Units (1) 12/12/2025 A 12.2884 (6) (6) Common Stock 12.2884 $0 4,327.6585 D
Restricted Stock Units (1) 12/12/2025 A 12.5716 (7) (7) Common Stock 12.5716 $0 4,427.372 D
Nonqualified Stock Option (right to buy) $44.87 12/18/2017(8) 12/18/2027 Common Stock 16,304 16,304 D
Nonqualified Stock Option (right to buy) $47.45 12/06/2018(8) 12/06/2028 Common Stock 15,173 15,173 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 88.4555 Dividend Units, vest on March 10, 2026.
3. The RSUs, which include an aggregate of 127.3641 Dividend Units, vest on March 10, 2026.
4. The RSUs, which include an aggregate of 99.3368 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
5. The RSUs, which include an aggregate of 174.3620 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
6. The RSUs, which include an aggregate of 78.6585 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
7. The RSUs, which include an aggregate of 35.3720 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
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 12/16/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did CRA International (CRAI) report in this Form 4?

The filing shows that the President and CEO of CRA International, Inc., who also serves as a director, received multiple restricted stock unit (RSU) awards dated 12/12/2025, and reports updated beneficial ownership of common stock, RSUs and stock options.

How many CRA International (CRAI) common shares does the reporting person own after the transactions?

Following the reported equity awards, the reporting person beneficially owned 116,545 shares of CRA International common stock directly, in addition to derivative holdings such as RSUs and stock options.

What are the key terms of the CRA International (CRAI) RSU awards reported?

Each RSU represents a right to receive one share of CRA International common stock, payable in cash, shares or a combination. Dividend equivalent rights accrue as additional RSUs, called Dividend Units, when dividends are paid, and these Dividend Units vest on the same schedule as the underlying RSUs.

When do the new CRA International (CRAI) RSUs vest?

The RSU grants reported include tranches that vest on March 10, 2026, and in two, three or four equal annual installments beginning on April 11, 2026, April 29, 2026 and May 20, 2026, as described for each award in the footnotes.

How many Dividend Units are included in the CRA International (CRAI) RSU grants?

The RSUs include Dividend Units such as 88.4555, 127.3641, 99.3368, 174.3620, 78.6585 and 35.3720 units across different awards, which vest on the same dates and in the same proportions as the related RSUs.

What stock options are reported for the CRA International (CRAI) insider?

The filing lists nonqualified stock options to buy 16,304 shares of CRA International common stock at an exercise price of $44.87 expiring on 12/18/2027, and options to buy 15,173 shares at $47.45 expiring on 12/06/2028, all held directly.