CRA International (CRAI) EVP granted RSUs and holds 45,920 shares

Rhea-AI Filing Summary

CRA International, Inc. executive Chad M. Holmes reported new equity-based compensation awards rather than market trades. On March 20, 2026, he received several grants of restricted stock units (RSUs), each representing a contingent right to one share of common stock, including associated dividend-equivalent units that vest on future dates beginning in 2026 and 2027. The footnotes state that RSUs, including 25.9023, 45.4824, 17.9637, 22.2730 and 9.7766 dividend units tied to prior awards, will vest in equal annual installments over two to four years. Following these awards, Holmes continues to hold stock options covering 4,076 shares at an exercise price of $44.87 expiring in 2027 and 4,425 shares at $47.45 expiring in 2028, along with 45,920 shares of common stock held directly. The filing reflects routine compensation-related equity grants with no reported open-market buying or selling.

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

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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)
03/20/2026

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								45,920	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)	03/20/2026		A		2.6203		(2)	(2)	Common Stock	2.6203	$0	730.9023	D
Restricted Stock Units	(1)	03/20/2026		A		4.6014		(3)	(3)	Common Stock	4.6014	$0	1,283.4824	D
Restricted Stock Units	(1)	03/20/2026		A		2.9685		(4)	(4)	Common Stock	2.9685	$0	827.9637	D
Restricted Stock Units	(1)	03/20/2026		A		3.6794		(5)	(5)	Common Stock	3.6794	$0	1,026.273	D
Restricted Stock Units	(1)	03/20/2026		A		3.0357		(6)	(6)	Common Stock	3.0357	$0	846.7766	D
Nonqualified Stock Option (right to buy)	$44.87							12/18/2017(7)	12/18/2027	Common Stock	4,076		4,076	D
Non-qualified stock options (right to buy)	$47.45							12/06/2018(7)	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 25.9023 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.

3. The RSUs, which include an aggregate of 45.4824 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.

4. The RSUs, which include an aggregate of 17.9637 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.

5. The RSUs, which include an aggregate of 22.2730 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

6. The RSUs, which include an aggregate of 9.7766 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.

7. 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	03/24/2026
	** 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).
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* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CRAI EVP Chad M. Holmes report on this Form 4?

Chad M. Holmes reported grants of restricted stock units (RSUs), not stock trades. On March 20, 2026, he acquired several RSU awards, including dividend-equivalent units, as part of compensation that will vest over future years.

Did the CRAI executive buy or sell CRA International (CRAI) common stock in the market?

No open-market purchases or sales were reported. The Form 4 only shows RSU grants and updated holdings, with no transactions coded as open-market buys or sells, indicating these are compensation awards rather than discretionary trading activity.

How do the new CRAI restricted stock units granted to Chad Holmes vest?

The RSUs vest in equal annual installments over multi-year schedules. Footnotes state different RSU blocks, including 25.9023 and 45.4824 dividend units, begin vesting on April 11, 2026, April 29, 2026 and 2027, and May 20, 2026, over two to four years.

What stock option holdings does CRAI EVP Chad Holmes report after these RSU grants?

He reports two outstanding nonqualified stock option positions. One covers 4,076 shares at an exercise price of $44.87 expiring December 18, 2027, and another covers 4,425 shares at $47.45 expiring December 6, 2028, both held directly.

How many CRA International common shares does Chad Holmes directly own according to the filing?

The filing shows direct ownership of 45,920 common shares. This figure reflects his post-transaction holdings and provides context for the scale of his equity stake relative to the newly granted RSUs and existing stock options.

What are dividend-equivalent RSUs reported in the CRAI Form 4 footnotes?

Dividend-equivalent RSUs are additional units credited when dividends are paid. The footnotes explain that dividend rights accrue as extra RSUs, called “Dividend Units,” which vest on the same dates and in the same proportions as the underlying RSU awards.