CRA International (NASDAQ: CRAI) CEO vests RSUs and uses shares for taxes

Rhea-AI Filing Summary

CRA International, Inc. president and CEO Paul A. Maleh reported compensation-related equity activity involving restricted stock units (RSUs) and common stock. On March 10, 2026, he exercised RSUs into a total of 4,787.8196 shares of common stock at an exercise price of $0.00 per share.

A portion of the newly delivered shares was used to satisfy obligations. The filing shows 2,212 shares of common stock disposed of at $171.75 per share through a combination of tax-withholding dispositions and returns to the issuer. After these transactions, Maleh directly holds 122,613 shares of common stock and continues to hold multiple RSU and stock option awards scheduled to vest in future years.

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^*

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)
03/10/2026

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	03/10/2026		M		1,962.4555	A	(1)	122,215.4555	D
Common Stock	03/10/2026		D		88.4555	D	$171.75	122,127	D
Common Stock	03/10/2026		F		907	D	$171.75	121,220	D
Common Stock	03/10/2026		M		2,825.3641	A	(1)	124,045.3641	D
Common Stock	03/10/2026		D		127.3641	D	$171.75	123,918	D
Common Stock	03/10/2026		F		1,305	D	$171.75	122,613	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)	03/10/2026		M			1,962.4555	(2)	(2)	Common Stock	1,962.4555	$0	0	D
Restricted Stock Units	(1)	03/10/2026		M			2,825.3641	(3)	(3)	Common Stock	2,825.3641	$0	0	D
Restricted Stock Units	(1)							(4)	(4)	Common Stock	3,107.3368		3,107.3368	D
Restricted Stock Units	(1)							(5)	(5)	Common Stock	5,453.362		5,453.362	D
Restricted Stock Units	(1)							(6)	(6)	Common Stock	4,327.6585		4,327.6585	D
Restricted Stock Units	(1)							(7)	(7)	Common Stock	4,427.372		4,427.372	D
Restricted Stock Units	(1)							(8)	(8)	Common Stock	5,366.5364		5,366.5364	D
Nonqualified Stock Option (right to buy)	$44.87							12/18/2017(9)	12/18/2027	Common Stock	16,304		16,304	D
Nonqualified Stock Option (right to buy)	$47.45							12/06/2018(9)	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, vested on March 10, 2026.

3. The RSUs, which include an aggregate of 127.3641 Dividend Units, vested 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. The RSUs, which include an aggregate of 97.5364 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.

9. 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	03/12/2026
	** Signature of Reporting Person	Date
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FAQ

What did CRAI CEO Paul Maleh report in this Form 4 filing?

Paul A. Maleh reported the exercise of restricted stock units into 4,787.8196 CRA International common shares and related dispositions to cover obligations. These are compensation-driven events rather than open-market purchases or sales, reflecting routine equity vesting for the CEO.

How many CRAI shares did Paul Maleh acquire through RSU exercises?

He acquired 4,787.8196 shares of CRA International common stock by exercising vested restricted stock units at an exercise price of $0.00 per share. These shares resulted from RSU awards that vested on March 10, 2026, including associated dividend-equivalent units.

How were taxes and obligations handled on Paul Maleh’s CRAI RSU vesting?

The filing shows 2,212 CRA International shares disposed of at $171.75 per share through tax-withholding transactions and returns to the issuer. These dispositions are mechanisms to satisfy tax and related obligations, not open-market sales initiated for portfolio or valuation reasons.

What is Paul Maleh’s CRAI common stock holding after these transactions?

After the reported RSU exercises and related share dispositions, Paul A. Maleh directly holds 122,613 shares of CRA International common stock. This figure reflects his updated equity position following the March 10, 2026 compensation-related transactions reported in the Form 4.

Does Paul Maleh still hold unvested CRAI RSUs and stock options?

Yes. The filing lists several remaining restricted stock unit awards and nonqualified stock options tied to CRA International common stock. These positions have future vesting schedules and, for options, exercise prices of $44.87 and $47.45 with expirations in 2027 and 2028, respectively.