STOCK TITAN

CRA International (CRAI) EVP receives 1,579 RSUs, holds stock options

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

Rhea-AI Filing Summary

CRA International EVP and Chief Corporate Development Officer Chad M. Holmes received a grant of 1,579 Restricted Stock Units (RSUs) on April 9, 2026. The RSUs were awarded at an exercise price of $0.0000 per unit and each unit represents one share of common stock.

According to the filing, these RSUs vest in four equal annual installments beginning on April 9, 2027. Holmes also directly holds 45,920 shares of common stock, plus multiple outstanding RSU awards and stock options. His option holdings include 4,076 underlying shares at an exercise price of $44.87 expiring on December 18, 2027, and 4,425 underlying shares at an exercise price of $47.45 expiring on December 6, 2028.

Positive

  • None.

Negative

  • None.
Insider Holmes Chad M
Role EVP AND CHIEF CORP DEV OFFICER
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,579 $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 Non-qualified stock options (right to buy) -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,579 shares (Direct); Nonqualified Stock Option (right to buy) — 4,076 shares (Direct); Non-qualified stock options (right to buy) — 4,425 shares (Direct); Common Stock — 45,920 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 25.9023 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include which include an aggregate of 45.2824 Dividend Units, vest in two equal annual installments beginning on April 11, 2026. The RSUs, which include an aggregate of 17.9637 Dividend Units, vest in three equal annual installments beginning on April 29, 2026. The RSUs, which include an aggregate of 22.2730 Dividend Units, vest in two equal annual installments beginning on April 29, 2027. The RSUs, which include an aggregate of 9.7766 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.
RSUs granted 1,579 units Restricted Stock Units granted on April 9, 2026
Common shares held 45,920 shares Direct CRA International common stock holdings
Option position 1 4,076 shares at $44.87 Nonqualified stock option, expires December 18, 2027
Option position 2 4,425 shares at $47.45 Non-qualified stock options, expire December 6, 2028
RSU block with Dividend Units 730.9023 underlying shares Includes 25.9023 Dividend Units; vests in two installments from April 11, 2026
RSU block with Dividend Units 1,283.4824 underlying shares Includes 45.2824 Dividend Units; vests in two installments from April 11, 2026
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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 financial
"Nonqualified Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price": "44.8700""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2027-12-18T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP AND CHIEF CORP DEV OFFICER
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 Stock45,920D
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)04/09/2026A1,579 (2) (2)Common Stock1,579$01,579D
Restricted Stock Units(1) (3) (3)Common Stock730.9023730.9023D
Restricted Stock Units(1) (4) (4)Common Stock1,283.48241,283.4824D
Restricted Stock Units(1) (5) (5)Common Stock827.9637827.9637D
Restricted Stock Units(1) (6) (6)Common Stock1,026.2731,026.273D
Restricted Stock Units(1) (7) (7)Common Stock846.7766846.7766D
Nonqualified Stock Option (right to buy)$44.8712/18/2017(8)12/18/2027Common Stock4,0764,076D
Non-qualified stock options (right to buy)$47.4512/06/2018(8)12/06/2028Common Stock4,4254,425D
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 25.9023 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
4. The RSUs, which include which include an aggregate of 45.2824 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
5. The RSUs, which include an aggregate of 17.9637 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
6. The RSUs, which include an aggregate of 22.2730 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
7. The RSUs, which include an aggregate of 9.7766 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 insider transaction did CRAI executive Chad M. Holmes report?

Chad M. Holmes reported receiving a grant of 1,579 Restricted Stock Units on April 9, 2026. Each RSU represents one share of CRA International common stock and was awarded at an exercise price of $0.0000, reflecting a compensation-based equity award rather than an open-market purchase.

How do the new CRAI RSUs granted to Chad Holmes vest?

The 1,579 RSUs granted to Chad Holmes vest in four equal annual installments starting April 9, 2027. Once vested, the RSUs are payable in cash, shares of CRA International common stock, or a combination, with delivery occurring shortly after vesting subject to applicable tax withholding.

How many CRAI common shares does Chad Holmes hold after this filing?

The filing shows Chad Holmes directly holding 45,920 shares of CRA International common stock. In addition, he holds multiple RSU awards and stock options that are tied to the company’s common stock, providing further potential equity exposure beyond the currently owned shares.

What stock options on CRAI shares does Chad Holmes currently have?

Holmes holds nonqualified stock options covering 4,076 underlying shares at a $44.87 exercise price expiring December 18, 2027. He also holds options for 4,425 underlying shares at a $47.45 exercise price expiring December 6, 2028, representing potential future share acquisitions if exercised.

What are CRAI Dividend Units mentioned in Chad Holmes’s RSU awards?

Dividend Units are additional RSUs that accrue when CRA International pays dividends on its common stock. These Dividend Units vest on the same dates and in the same proportions as the underlying RSUs, increasing the total RSU balance associated with each grant as dividends are paid over time.

Were there any CRAI insider share sales reported in this Form 4?

The Form 4 data indicate no open-market purchases or sales by Chad Holmes. The only transactional entry is an acquisition of 1,579 Restricted Stock Units as a grant, with other entries reflecting existing holdings of common stock, RSUs, and stock options rather than new buy or sell activity.