CRA International, Inc. filings document the formal disclosures of an operating consulting company whose common stock trades on the Nasdaq Global Select Market under CRAI. Recent Form 8-K reports cover quarterly and fiscal-year financial results, supplemental financial materials, Regulation FD disclosures, quarterly cash dividends and share-repurchase authorization updates.
The company’s proxy materials disclose annual meeting matters, including director elections, advisory executive-compensation votes, independent auditor ratification, board structure and governance. Other current reports address director retirement and related board transition disclosures, while the filings identify CRA's Massachusetts incorporation and public-company capital structure.
CRA International, Inc. reported an executive equity award involving restricted stock units (RSUs) linked to its common stock. On December 12, 2025, the reporting officer acquired 2.0954 RSUs, and following this transaction beneficial ownership increased to 737.9104 RSUs, held directly.
Each RSU represents a contingent right to receive one share of CRA International common stock and may be settled in cash, shares, or a combination. Shares, when issued, are delivered as soon as possible after vesting and no later than two and one-half months after the end of the year in which vesting occurs, subject to tax withholding. Dividend equivalent rights accrue on unvested RSUs as additional RSUs, called Dividend Units, which vest on the same schedule. The RSUs, which include an aggregate of 3.9104 Dividend Units, vest in four equal annual installments beginning on August 4, 2026.
CRA International's EVP and chief corporate development officer reported updated equity holdings as of 12/12/2025. The filing shows beneficial ownership of 44,858 shares of common stock held directly.
The executive also reports several blocks of restricted stock units, with post-transaction balances including 459.7215 and 662.8693 units, each representing a contingent right to receive one share of common stock and accruing dividend equivalent units that vest on the same schedule. These RSUs vest on dates ranging from March 10, 2026 to May 20, 2026, some in equal annual installments. In addition, the report lists nonqualified stock options to purchase 4,076 shares at $44.87 expiring on 12/18/2027 and 4,425 shares at $47.45 expiring on 12/06/2028, each originally granted to vest in four equal annual installments beginning one year after grant.
A director of CRA International, Inc. reported a small sale of company stock. On 12/11/2025, the director sold 110 shares of common stock at a price of $198.12 per share, coded as a sale transaction ("S"). After this trade, the director beneficially owns 2,941 shares of CRA International common stock in direct ownership.
The company notes that this transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025, which is designed to allow scheduled trading of shares under specified conditions.
CRA International, Inc. (CRAI) executive vice president and general counsel reported multiple open-market sales of company common stock. On 11/20/2025, the reporting person sold 1,317 shares at a weighted average price of $174.1586, 343 shares at $174.8737, 60 shares at $175.4279, and 30 shares at $176.3925, all coded as sales.
After these transactions, the reporting person beneficially owned 15,573 shares of CRA International common stock held directly. The filing notes that all transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on August 8, 2024, and that the prices shown are weighted averages for trades executed within specified intraday price ranges.
CRA International (CRAI) reported higher revenue with stable earnings. Q3 revenue rose to $185.9 million from $167.7 million, while diluted EPS was $1.73 versus $1.67. Year-to-date, revenue reached $554.6 million compared to $511.0 million, and diluted EPS improved to $6.16 from $4.57.
Costs of services increased to 70.7% of revenue in the quarter; SG&A was $33.7 million, up 7.7% but lower as a percent of revenue. Utilization ticked up to 77% and headcount ended at 968. Operating cash flow was a use of $37.6 million year-to-date, driven by bonus payments and forgivable loan advances; cash stood at $22.5 million with $101.1 million of borrowing capacity under the revolver and $95.0 million outstanding. The company repurchased $47.1 million of stock year-to-date and paid $10.1 million in dividends.
Outside the U.S. contributed 21% of Q3 revenue. A quarterly cash dividend of $0.57 per share was declared, payable December 12, 2025 to shareholders of record on November 25, 2025.
CRA International (CRAI) furnished an update on October 30, 2025. The company issued a press release reporting financial results for its fiscal quarter ended September 27, 2025, and posted supplemental financial information, including prepared CFO remarks. These materials were provided as Exhibits 99.1 and 99.2.
Separately, CRA International announced its Board declared a quarterly cash dividend of $0.57 per share, payable on December 12, 2025 to shareholders of record as of November 25, 2025 (Exhibit 99.3). The information in Items 2.02 and 7.01 and the related exhibits was furnished and is not deemed filed for liability purposes under the Exchange Act.
Jonathan D. Yellin, EVP & General Counsel of CRA International, Inc. (CRAI), reported changes in beneficial ownership on Form 4. The filing shows a sale of 17,323 shares of common stock on 09/12/2025. It also reports multiple restricted stock unit (RSU) acquisitions granted on 09/12/2025 that convert to common shares upon vesting, with individual RSU tranche sizes equivalent to 0.9813, 1.4114, 1.5524, 2.7262, 2.1544 and 2.2041 underlying shares (totaling the reported RSU share equivalents shown). The filer also holds outstanding nonqualified stock options for 2,377 and 2,845 shares with exercise prices of $44.87 and $47.45, expiring in 2027 and 2028 respectively. The RSUs include dividend equivalent units and have specified vesting schedules between March 10, 2026 and May 20, 2026.
Eric Nierenberg, EVP, CFO and Treasurer of CRA International, Inc. (CRAI), reported on Form 4 a grant of 1.815 restricted stock units (RSUs) on 09/12/2025. The filing shows the RSUs were recorded as acquired at a $0 price and that following the grant the reporting person beneficially owns 735.815 shares of common stock. The RSUs include 1.815 Dividend Units that accrue dividend equivalents and vest on the same schedule. The RSUs vest in four equal annual installments beginning on August 4, 2026. The Form 4 was signed by an attorney-in-fact, Delia J. Makhlouta, on 09/16/2025.
Paul A. Maleh, President and CEO and a director of CRA International, Inc. (CRAI), reported a transaction dated 09/12/2025. The Form 4 shows a disposition of 124,045 shares of CRAI common stock. On the same date the reporting person received multiple awards of restricted stock units (RSUs) that convert to shares on specified vesting schedules, with individual underlying share amounts shown (aggregate per award shown as fractional and whole-share amounts). The filing also lists existing nonqualified stock options covering 16,304 and 15,173 shares with exercise prices of $44.87 and $47.45, respectively, and standard multi-year vesting. The Form 4 was filed by power of attorney on 09/16/2025.
Brian Langan, an officer of CRA International, Inc. (CRAI), reported on Form 4 that he acquired 1.815 restricted stock units (RSUs) on 09/12/2025. The filing shows 735.815 shares beneficially owned following the reported transaction. The RSUs include 1.815 Dividend Units and vest in four equal annual installments beginning August 4, 2026. Vested RSUs may be settled in cash, shares or a combination, and shares delivered for vested RSUs will be issued as soon as practicable but no later than two and one-half months after year-end, subject to tax withholding. The Form 4 was signed by power of attorney on 09/16/2025 and lists Mr. Langan’s title as Executive Vice President and Chief Strategy and Business Transformation Officer.