Forrester (NASDAQ: FORR) CSO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forrester Research Chief Sales Officer Christophe Favre reported routine equity compensation activity tied to restricted stock units (RSUs). On April 1, 2026, RSUs converted into 3,177 shares of common stock as they vested, consistent with prior grants.
To cover tax obligations on this vesting, 1,532 shares were withheld by Forrester at a value of $5.39 per share, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Favre holds 13,738 shares of Forrester common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,177 shares exercised/converted
Mixed
4 txns
Insider
Favre Christophe
Role
Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 987 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,190 | $0.00 | -- |
| Exercise | Common Stock | 3,177 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,532 | $5.39 | $8K |
Holdings After Transaction:
Restricted Stock Units — 1,972 shares (Direct, null);
Common Stock — 15,270 shares (Direct, null)
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 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 3,946 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 8,760 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.
Key Figures
RSU conversion: 3,177 shares
Tax withholding shares: 1,532 shares
Withholding price: $5.39 per share
+2 more
5 metrics
RSU conversion
3,177 shares
Restricted stock units converted into common stock on April 1, 2026
Tax withholding shares
1,532 shares
Shares withheld to satisfy tax obligations at $5.39 per share
Withholding price
$5.39 per share
Value used for shares withheld for taxes on April 1, 2026
Net new shares from vesting
1,645 shares
Approximate net of RSU shares (3,177) minus tax-withheld shares (1,532)
Shares held after transactions
13,738 shares
Direct common stock holdings following reported Form 4 transactions
Key Terms
Restricted Stock Units, tax withholding obligations, vesting, derivative security, +1 more
5 terms
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..."
vesting financial
"On April 1, 2024, the reporting person was granted 3,946 Restricted Stock Units that vest and convert into common stock..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"transaction_code_description: 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.
common stock financial
"Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Forrester (FORR) Chief Sales Officer Christophe Favre report on this Form 4?
Christophe Favre reported routine equity compensation activity. Restricted stock units vested and converted into common shares, and the company withheld some of those shares to cover tax obligations. No open-market purchases or sales were reported in this filing.
Were Christophe Favre’s Forrester (FORR) transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows RSUs converting into common shares and shares withheld by the company for taxes. These are compensation and tax events, distinct from discretionary trading on the open market by the executive.