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CRA International (CRAI) CEO awarded 6,800 RSUs in equity grant

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

Rhea-AI Filing Summary

Maleh Paul A reported acquisition or exercise transactions in this Form 4 filing.

CRA International, Inc. president and CEO Paul A. Maleh received a grant of 6,800 Restricted Stock Units (RSUs) on April 9, 2026, each representing one share of common stock. The RSUs vest in four equal annual installments beginning on April 9, 2027.

This filing shows a compensation-related equity award, not an open-market purchase or sale. After this and prior awards, Maleh also holds nonqualified stock options and 115,113 shares of common stock directly, providing substantial ongoing equity exposure to the company.

Positive

  • None.

Negative

  • None.
Insider Maleh Paul A
Role PRESIDENT AND CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 6,800 $0.00 --
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) -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 6,800 shares (Direct); Nonqualified Stock Option (right to buy) — 16,304 shares (Direct); Common Stock — 115,113 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 vest in four equal annual installments beginning on April 9, 2027. The RSUs, which include an aggregate of 110.5170 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include an aggregate of 193.9833 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include an aggregate of 94.2295 Dividend Units, vest in three equal annual installments beginning on April 29, 2026. The RSUs, which include an aggregate of 116.8453 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 51.3020 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.
RSU grant size 6,800 RSUs Grant to CEO on April 9, 2026
Common stock held 115,113 shares Direct holdings after reported transactions
Stock option position 1 16,304 shares at $44.87 Nonqualified stock option expiring December 18, 2027
Stock option position 2 15,173 shares at $47.45 Nonqualified stock option expiring December 6, 2028
RSU tranche with Dividend Units 1 3,118.517 underlying shares RSUs including 110.517 Dividend Units, vesting in two installments from April 11, 2026
RSU tranche with Dividend Units 2 5,472.9833 underlying shares RSUs including 193.9833 Dividend Units, vesting in two installments from April 11, 2026
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock"
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
"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units")"
Nonqualified Stock Option (right to buy) financial
"Nonqualified Stock Option (right to buy) ... exercise price $44.8700 and $47.4500"
dividend equivalent rights financial
"Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
vesting financial
"The RSUs vest in four equal annual installments beginning on April 9, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
SEC Form 4
FORM 4UNITED 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 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
PRESIDENT AND CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock115,113D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/09/2026A6,800 (2) (2)Common Stock6,800$06,800D
Restricted Stock Units(1) (3) (3)Common Stock3,118.5173,118.517D
Restricted Stock Units(1) (4) (4)Common Stock5,472.98335,472.9833D
Restricted Stock Units(1) (5) (5)Common Stock4,343.22954,343.2295D
Restricted Stock Units(1) (6) (6)Common Stock5,385.84535,385.8453D
Restricted Stock Units(1) (7) (7)Common Stock4,443.3024,443.302D
Nonqualified Stock Option (right to buy)$44.8712/18/2017(8)12/18/2027Common Stock16,30416,304D
Nonqualified Stock Option (right to buy)$47.4512/06/2018(8)12/06/2028Common Stock15,17315,173D
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 vest in four equal annual installments beginning on April 9, 2027.
3. The RSUs, which include an aggregate of 110.5170 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
4. The RSUs, which include an aggregate of 193.9833 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
5. The RSUs, which include an aggregate of 94.2295 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
6. The RSUs, which include an aggregate of 116.8453 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
7. The RSUs, which include an aggregate of 51.3020 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 attorney04/13/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

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

Paul A. Maleh reported receiving a grant of 6,800 Restricted Stock Units on April 9, 2026. These RSUs are a stock-based compensation award, not an open-market stock purchase, and will convert into CRA International common shares as they vest over time.

How do the new 6,800 RSUs for CRAI’s CEO vest over time?

The 6,800 RSUs granted to CRA International CEO Paul A. Maleh vest in four equal annual installments starting April 9, 2027. As each portion vests, the units can be settled in cash, shares, or a combination, according to the company’s plan terms and tax withholding requirements.

Did the CRAI CEO buy or sell any common stock in this Form 4?

The Form 4 does not show any open-market buys or sells of CRA International common stock by the CEO. It primarily reflects a grant of 6,800 RSUs and updates on existing equity holdings, which are compensation-related awards rather than discretionary market transactions.

What common stock and options does the CRAI CEO hold after this reporting date?

After the reported transactions, Paul A. Maleh directly holds 115,113 shares of CRA International common stock. He also holds nonqualified stock options exercisable for 16,304 shares at $44.87 and 15,173 shares at $47.45, with expirations in December 2027 and December 2028, respectively.

What are Dividend Units mentioned in the CRAI CEO’s RSU footnotes?

Dividend Units are additional RSUs that accrue when CRA International pays dividends on its common stock. They mirror the underlying RSUs and vest on the same schedule, increasing the total units the CEO can ultimately receive if he remains employed through the relevant vesting dates.