STOCK TITAN
  1. Home
  2. Sec-filings
  3. FORR
  4. [Form 4] FORRESTER RESEARCH, INC. Insider Trading Activity

Forrester (NASDAQ: FORR) CAO reports RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

Forrester Research Chief Accounting Officer Scott Chouinard reported routine equity compensation activity involving restricted stock units and common stock. On April 1, 2026, restricted stock units covering 1,440 and 3,205 shares vested and converted into the same number of common shares. Following these conversions, 4,645 common shares were acquired, and 1,608 shares were withheld by the company to cover tax obligations tied to the vesting. After these transactions, Chouinard directly held 14,610 common shares, with an additional 2,529 shares held indirectly by his spouse.

Positive

  • None.

Negative

  • None.
Insider Chouinard Scott
Role Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,440 $0.00 --
Exercise Restricted Stock Units 3,205 $0.00 --
Exercise Common Stock 4,645 $0.00 --
Tax Withholding Common Stock 1,608 $5.39 $9K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 2,880 shares (Direct); Common Stock — 16,218 shares (Direct); Common Stock — 2,529 shares (Indirect, By spouse)
Footnotes (1)
  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 April 1, 2026 of the restricted stock units awarded to the reporting person on April 1, 2024 and April 1, 2025. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock. On April 1, 2024, the reporting person was granted 5,760 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date. On April 1, 2025, the reporting person was granted 12,820 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
RSU conversion 1 1,440 shares Restricted stock units converted to common stock on April 1, 2026
RSU conversion 2 3,205 shares Restricted stock units converted to common stock on April 1, 2026
Common shares from RSU vesting 4,645 shares Total common stock acquired via RSU vesting on April 1, 2026
Shares withheld for taxes 1,608 shares Common stock withheld to satisfy tax obligations at $5.3900 per share
Direct holdings after transactions 14,610 shares Common stock directly owned after April 1, 2026 transactions
Indirect spouse holdings 2,529 shares Common stock held indirectly by spouse after reported transactions
RSU grant 2024 5,760 units Restricted stock units granted April 1, 2024, vesting in four annual installments
RSU grant 2025 12,820 units Restricted stock units granted April 1, 2025, vesting in four annual installments
Restricted Stock Units financial
"Represents the conversion, upon vesting, of restricted stock units into 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.
tax withholding obligations financial
"Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on April 1, 2026"
vest and convert into common stock financial
"Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments"
indirect ownership financial
"Common Stock ... total_shares_following_transaction 2529.0000 ... nature_of_ownership By spouse"
tax-withholding disposition financial
"transaction_action tax-withholding disposition ... transaction_code_description Payment of exercise price or tax liability by delivering securities"
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.
Form 4 Insider Transactions: What Each Field Means →
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*
Chouinard Scott
(Last)(First)(Middle)
C/O FORRESTER RESEARCH, INC.
60 ACORN PARK DRIVE
(Street)
CAMBRIDGE MASSACHUSETTS 02140
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FORRESTER RESEARCH, INC. [ FORR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		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 Stock04/01/2026M(1)4,645A$016,218D
Common Stock04/01/2026F1,608(2)D$5.3914,610D
Common Stock2,529IBy spouse
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$0(3)04/01/2026M1,440 (4) (4)Common Stock1,440$02,880D
Restricted Stock Units$0(3)04/01/2026M3,205 (5) (5)Common Stock3,205$09,615D
Explanation of Responses:
1. Represents the conversion, upon vesting, of restricted stock units into common stock.
2. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on April 1, 2026 of the restricted stock units awarded to the reporting person on April 1, 2024 and April 1, 2025. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards.
3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
4. On April 1, 2024, the reporting person was granted 5,760 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
5. On April 1, 2025, the reporting person was granted 12,820 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
Maite Garcia, attorney-in-fact for Scott Chouinard04/02/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FORR executive Scott Chouinard report on this Form 4?

Scott Chouinard reported the vesting and conversion of restricted stock units into 4,645 common shares, along with 1,608 shares withheld to cover tax obligations. These transactions reflect routine equity compensation rather than open-market buying or selling.

How many Forrester Research (FORR) shares did Scott Chouinard acquire through RSU vesting?

He acquired 4,645 common shares through the vesting and conversion of restricted stock units, in blocks tied to 1,440 and 3,205 units. Each restricted stock unit converts into one share of Forrester Research common stock after vesting, per the footnote description.

Why were 1,608 FORR shares withheld in Scott Chouinard’s Form 4 filing?

The 1,608 shares were withheld by Forrester Research to satisfy tax withholding obligations arising from RSU vesting on April 1, 2026. This tax-withholding disposition is a non-market event and part of the equity award’s standard terms described in the footnotes.

What are Scott Chouinard’s Forrester Research (FORR) share holdings after these transactions?

After the reported transactions, Scott Chouinard directly held 14,610 shares of Forrester Research common stock. In addition, 2,529 common shares were reported as held indirectly by his spouse, providing a fuller picture of his overall reported ownership.

What RSU grants to Scott Chouinard are referenced in this FORR Form 4?

The filing references 5,760 restricted stock units granted on April 1, 2024 and 12,820 units granted on April 1, 2025. Both grants vest and convert into common stock in four equal annual installments beginning on the first anniversary of each respective grant date.

What does each restricted stock unit (RSU) represent for Forrester Research (FORR)?

Each restricted stock unit represents the right to receive one share of Forrester Research common stock after vesting. Once vesting conditions are met, the units convert into common shares, as described directly in the filing’s footnotes for these awards.