STOCK TITAN

CRA International (CRAI) CEO logs RSU grants and tax share dispositions

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

Rhea-AI Filing Summary

CRA International president and CEO Paul A. Maleh reported multiple equity compensation transactions in the form of stock and unit awards. On March 2, 2026, he acquired 5,366.5364 restricted stock units tied to performance restricted stock units granted on April 29, 2024, and received 5,267 shares of common stock issued upon vesting of those performance awards. He also acquired an additional 97.5136 shares of common stock as related dividend units.

To cover tax obligations, 1,559 shares of common stock were disposed of at $180.26 per share through share delivery, and 97.5136 shares were returned to the issuer at the same price. Following these transactions, he directly held 120,253 shares of common stock, along with several blocks of restricted stock units and nonqualified stock options that vest in annual installments beginning in 2026 and 2027.

Positive

  • None.

Negative

  • None.
Insider Maleh Paul A
Role PRESIDENT AND CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 5,366.536 $0.00 --
Grant/Award Common Stock 5,267 $0.00 --
Tax Withholding Common Stock 1,559 $180.26 $281K
Grant/Award Common Stock 97.514 $0.00 --
Disposition Common Stock 97.514 $180.26 $18K
holding Restricted Stock Units -- -- --
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 — 5,366.536 shares (Direct); Common Stock — 121,812 shares (Direct); Nonqualified Stock Option (right to buy) — 16,304 shares (Direct)
Footnotes (1)
  1. Shares issued in settlement of the vesting of performance restricted stock units ("PRSUs") granted on April 29, 2024. 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. Unvested RSUs resulting from the determination of the outcome of performance conditions of PRSUs granted on April 29, 2024. The RSUs, which include an aggregate of 97.5364 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. 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.
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)
03/02/2026
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 03/02/2026 A(1) 5,267 A (1) 121,812 D
Common Stock 03/02/2026 F 1,559 D $180.26 120,253 D
Common Stock 03/02/2026 A(1) 97.5136 A (1) 120,350.5136 D
Common Stock 03/02/2026 D 97.5136 D $180.26 120,253 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 (2) 03/02/2026 A(3) 5,366.5364 (4) (4) Common Stock 5,366.5364 $0 5,366.5364 D
Restricted Stock Units (2) (5) (5) Common Stock 1,962.4555 1,962.4555 D
Restricted Stock Units (2) (6) (6) Common Stock 2,825.3641 2,825.3641 D
Restricted Stock Units (2) (7) (7) Common Stock 3,107.3368 3,107.3368 D
Restricted Stock Units (2) (8) (8) Common Stock 5,453.362 5,453.362 D
Restricted Stock Units (2) (9) (9) Common Stock 4,327.6585 4,327.6585 D
Restricted Stock Units (2) (10) (10) Common Stock 4,427.372 4,427.372 D
Nonqualified Stock Option (right to buy) $44.87 12/18/2017(11) 12/18/2027 Common Stock 16,304 16,304 D
Nonqualified Stock Option (right to buy) $47.45 12/06/2018(11) 12/06/2028 Common Stock 15,173 15,173 D
Explanation of Responses:
1. Shares issued in settlement of the vesting of performance restricted stock units ("PRSUs") granted on April 29, 2024.
2. 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.
3. Unvested RSUs resulting from the determination of the outcome of performance conditions of PRSUs granted on April 29, 2024.
4. The RSUs, which include an aggregate of 97.5364 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
5. The RSUs, which include an aggregate of 88.4555 Dividend Units, vest on March 10, 2026.
6. The RSUs, which include an aggregate of 127.3641 Dividend Units, vest on March 10, 2026.
7. The RSUs, which include an aggregate of 99.3368 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
8. The RSUs, which include an aggregate of 174.3620 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
9. The RSUs, which include an aggregate of 78.6585 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
10. The RSUs, which include an aggregate of 35.3720 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
11. 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 03/04/2026
** Signature of Reporting Person Date
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FAQ

What equity awards did CRA International (CRAI) CEO Paul Maleh receive?

Paul Maleh received grants of restricted stock units and common shares. He acquired 5,366.5364 restricted stock units and 5,267 common shares on March 2, 2026, largely from vesting performance restricted stock units granted April 29, 2024, plus 97.5136 dividend-related shares.

How many CRA International (CRAI) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, Paul Maleh directly holds 120,253 shares of CRA International common stock. In addition, he holds several tranches of restricted stock units and nonqualified stock options that vest in scheduled annual installments beginning in 2026 and 2027.

Were any CRA International (CRAI) shares disposed of for taxes in this filing?

Yes. The Form 4 reports a tax-related share disposition. A total of 1,559 common shares were delivered at $180.26 per share to satisfy tax obligations, and 97.5136 additional shares were disposed of back to the issuer at the same price.

What are the key vesting terms of the CRAI restricted stock units reported?

The restricted stock units include dividend units and vest over multiple years. Some RSUs vest in two equal annual installments starting April 11, 2026 or April 29, 2027, while others vest on March 10, 2026 or in three or four equal installments beginning in 2026.

How are dividend units treated in CRA International (CRAI) CEO equity awards?

Dividend equivalent rights accrue as additional restricted stock units, called dividend units, when CRA International pays dividends. These dividend units vest on the same dates and in the same relative proportions as the underlying restricted stock units to which they relate.

What is disclosed about CRAI nonqualified stock options held by the CEO?

The Form 4 notes nonqualified stock options with direct ownership. One option grant vests in four equal annual installments beginning on the first anniversary of the grant date, with reported post-transaction balances of 16,304 and 15,173 option shares in separate option awards.