Forrester CAO exercises RSUs, withholds shares

Forrester Research Chief Accounting Officer Scott Chouinard reported equity award activity.

Rhea-AI Filing Summary

Forrester Research Chief Accounting Officer Scott Chouinard reported equity award activity. On March 1, 2025, 745 Restricted Stock Units vested and converted into 745 shares of common stock at $0.0000 per share, increasing his direct holdings to 8,619 shares before tax withholding.

To satisfy tax withholding obligations from this vesting, 258 common shares were withheld at $11.08 per share, leaving 8,361 directly held shares. He also has 1,490 Restricted Stock Units outstanding and 1,246 common shares held indirectly by his spouse. The underlying award originally covered 2,980 Restricted Stock Units granted on March 1, 2022, vesting in four equal annual installments.

Insider Trade Summary

745 shares exercised/converted

Exercise 4 txns

Insider Chouinard Scott

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	745	$0.00	$0.00
Exercise	Common Stock	745	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	258	$11.08	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,490 contracts (Direct); Common Stock — 8,361 shares (Direct); Common Stock — 1,246 shares (Indirect, By Spouse)

Footnotes (4)

1. F1. Represents the conversion, upon vesting, of restricted stock units into common stock.
2. F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on March 1, 2025 of the restricted stock units awarded to the reporting person on March 1, 2022. 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.
3. F3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
4. F4. On March 1, 2022, the reporting person was granted 2,980 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did FORR executive Scott Chouinard report?

Scott Chouinard reported RSU vesting and related share activity. On March 1, 2025, 745 Restricted Stock Units converted into 745 common shares, and 258 shares were withheld to cover tax obligations associated with that vesting event.

How many Forrester (FORR) shares does Scott Chouinard now hold directly and indirectly?

After the reported transactions, Scott Chouinard holds 8,361 Forrester common shares directly. He also has 1,246 common shares held indirectly through his spouse, in addition to 1,490 Restricted Stock Units that remain outstanding following the March 1, 2025 vesting.

What happened to Scott Chouinard’s Forrester (FORR) Restricted Stock Units on March 1, 2025?

On March 1, 2025, 745 of Scott Chouinard’s Restricted Stock Units vested and converted into an equal number of Forrester common shares. These units are part of a 2,980-unit grant from March 1, 2022 that vests in four equal annual installments.

Why were 258 Forrester (FORR) shares withheld from Scott Chouinard’s vesting?

Forrester withheld 258 common shares from Scott Chouinard to cover tax withholding obligations tied to the March 1, 2025 RSU vesting. The award specifically allows the company to withhold shares to satisfy taxes due when the Restricted Stock Units vest.

What are the terms of Scott Chouinard’s 2,980 Forrester (FORR) RSU grant?

Scott Chouinard received 2,980 Restricted Stock Units on March 1, 2022. The grant vests and converts into common stock in four equal and consecutive installments, beginning on the first anniversary of the grant date and continuing annually thereafter until fully vested.

How many Forrester (FORR) Restricted Stock Units remain outstanding for Scott Chouinard?

Following the March 1, 2025 vesting and conversion, Scott Chouinard holds 1,490 Restricted Stock Units outstanding. Each Restricted Stock Unit represents the right to receive one share of Forrester Research, Inc. common stock after it vests under the original grant schedule.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 04:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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 MA 02140

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FORRESTER RESEARCH, INC. [ FORR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2025		M(1)		745	A	$0	8,619	D
Common Stock	03/01/2025		F		258(2)	D	$11.08	8,361	D
Common Stock								1,246	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(3)	03/01/2025		M			745	(4)	(4)	common stock	745	$0	1,490	D

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 March 1, 2025 of the restricted stock units awarded to the reporting person on March 1, 2022. 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.

3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.

4. On March 1, 2022, the reporting person was granted 2,980 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 Chouinard	03/03/2026
	** Signature of Reporting Person	Date
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.