Forrester CPO adds 1.3K shares; sells 822 for taxes – SEC Form 4
Rhea-AI Filing Summary
Forrester Research (FORR) – Form 4: Chief Product Officer Carrie Johnson reported the final vesting tranche of her 8,814-unit RSU award granted 08/02/21. On 08/01/25, 2,203 restricted stock units converted to an equal number of common shares (code M, $0 exercise price). To cover statutory tax withholding, 822 shares were automatically sold back to the issuer at $10.94 (code F). Net 1,381 shares were added to Johnson’s direct holdings, bringing her beneficial ownership to 26,354 shares.
No open-market purchases or sales occurred; transactions were plan-based and tax-related. There are no derivative securities remaining from this award.
Positive
- Net increase of 1,381 shares in insider’s direct holdings, modestly enhancing management alignment with shareholder interests.
- Full transparency under Rule 10b5-1 indicates robust compliance practices.
Negative
- 822 shares disposed to satisfy tax obligations, representing 37% of vested units, slightly diluting potential ownership gain.
Insights
TL;DR: Routine RSU vesting; officer increases net stake by 1,381 shares—neutral signal.
Johnson’s activity is typical end-of-cycle RSU settlement. The auto-sale for withholding is mechanical and the officer retains roughly 63% of vested shares, modestly boosting alignment with shareholders. Given FORR’s average daily volume, 1,381 shares is immaterial, so market impact should be negligible. No new options or derivatives remain outstanding from this grant.
TL;DR: Compliance filing shows standard Rule 10b5-1 plan usage; governance posture intact.
The Form 4 discloses adherence to SEC Rule 10b5-1, reflecting proactive compliance. The retained shares strengthen insider ownership, viewed favorably by governance watchdogs, but the quantum is too small to materially shift control metrics. No red flags or unusual timing relative to blackout periods are evident.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,203 | $0.00 | -- |
| Exercise | Common Stock | 2,203 | $0.00 | -- |
| Tax Withholding | Common Stock | 822 | $10.94 | $9K |
Footnotes (1)
- Represents the conversion, upon vesting, of restricted stock units into common stock. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on August 1, 2025 of the restricted stock units awarded to the reporting person on August 2, 2021. The award includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the award. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock. On August 2, 2021, the reporting person was granted 8,814 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2022, August 1, 2023, August 1, 2024 and August 1, 2025.
