CRAI CEO exercises RSUs, nets ~118K share holding
CRA International, Inc. director and CEO Paul A. Maleh reported compensation-related equity activity.
Rhea-AI Filing Summary
CRA International, Inc. director and CEO Paul A. Maleh reported compensation-related equity activity. On April 29, 2026, he exercised 1,447.4025 restricted stock units into shares of common stock. Of these, 685 shares were withheld to satisfy tax obligations and 31.4025 shares were disposed of back to the issuer.
Following these transactions, Maleh directly held 117,983 shares of common stock. He also retained nonqualified stock options covering 15,173 shares at a $47.45 exercise price and 16,304 shares at a $44.87 exercise price, as well as multiple restricted stock unit awards that vest in annual installments beginning in 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,447.4025 shares exercised/converted
Exercise
11 txns
Insider
Maleh Paul A
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,447.4025 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,447.4025 | $0.00 | $0.00 |
| Disposition | Common Stock | 31.4025 | $154.55 | $5K |
| Exercise Price or Tax Liability | Common Stock | 685 | $154.55 | $106K |
| 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 — 23,821.2447 contracts for 20,925.4177 underlying shares (Direct);
Common Stock — 117,983 shares (Direct);
Nonqualified Stock Option (right to buy) — 31,477 contracts (Direct)
Footnotes (8)
- F1. 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.
- F2. The RSUs, which include an aggregate of 62.8270 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
- F3. The RSUs, which include an aggregate of 51.3020 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
- F4. The RSUs vest in four equal annual installments beginning on April 9, 2027.
- F5. The RSUs, which include an aggregate of 55.2585 Dividend Units, vest on April 11, 2027.
- F6. The RSUs, which include an aggregate of 97.0119 Dividend Units, vest on April 11, 2027.
- F7. The RSUs, which include an aggregate of 116.8453 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
- F8. Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
RSUs exercised: 1,447.4025 shares
Shares withheld for taxes: 685 shares
Shares returned to issuer: 31.4025 shares
+4 more
7 metrics
RSUs exercised
1,447.4025 shares
Restricted stock units converted to common stock on April 29, 2026
Shares withheld for taxes
685 shares
Tax-withholding disposition coded F on April 29, 2026
Shares returned to issuer
31.4025 shares
Disposition to issuer coded D on April 29, 2026
Direct common shares held
117,983 shares
Direct ownership after reported transactions
Option position 1
15,173 underlying shares at $47.45
Nonqualified stock option expiring December 6, 2028
Option position 2
16,304 underlying shares at $44.87
Nonqualified stock option expiring December 18, 2027
Largest RSU grant
6,800 underlying shares
Restricted stock units with $0.00 exercise price outstanding
Key Terms
Restricted Stock Units, Dividend Units, Nonqualified Stock Option, tax-withholding disposition, +2 more
6 terms
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) with an exercise price of 47.4500"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
tax-withholding disposition financial
"transaction_action is described as tax-withholding disposition for 685.0000 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description notes Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
FAQ
What insider equity transactions did CRAI CEO Paul Maleh report on this Form 4?
Paul Maleh reported exercising 1,447.4025 restricted stock units into common shares. Of those, 685 shares were withheld to cover taxes and 31.4025 shares were returned to the issuer, reflecting routine, compensation-related equity activity rather than open-market buying or selling.
Did the CRAI Form 4 show Paul Maleh exercising any equity awards?
Yes. The filing shows Maleh exercised 1,447.4025 restricted stock units into common stock. The transaction is coded as a derivative exercise, with part of the resulting shares used to satisfy tax liabilities and a small portion disposed of to the issuer on the same date.
What stock options does CRAI CEO Paul Maleh still hold after this Form 4?
Maleh retains two nonqualified stock option positions. One covers 15,173 underlying shares at a $47.45 exercise price expiring December 6, 2028. The other covers 16,304 underlying shares at a $44.87 exercise price expiring December 18, 2027, all held directly.
What restricted stock unit (RSU) awards are outstanding for CRAI CEO Paul Maleh?
The filing lists several RSU awards with underlying common stock. Footnotes state certain RSUs, including small amounts of Dividend Units, vest in installments beginning May 20, 2026 and April 29, 2027, while others vest on specific dates in April 2027 or in four annual installments.
How were taxes handled on Paul Maleh’s CRAI equity award exercise?
Taxes were satisfied through share withholding. The Form 4 shows a code F transaction where 685 shares of CRA International common stock were withheld as a tax-withholding disposition, rather than sold in the open market, in connection with the RSU-to-share conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
