Forrester Research (FORR) CSO vests 634 RSUs, 301 shares withheld for tax
Rhea-AI Filing Summary
FORRESTER RESEARCH, INC. Chief Sales Officer Christophe Favre reported the vesting and conversion of 634 restricted stock units into an equal number of common shares on August 1, 2026. The filing shows 634 common shares acquired from this vesting and a separate withholding of 301 shares at $11.50 per share to satisfy tax obligations. These transactions relate to a 2,536-unit RSU award granted on August 1, 2023 that vests and converts into common stock in four equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 333 shares
Net Buy
3 txns
Insider
Favre Christophe
Role
Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 634 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 634 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 301 | $11.50 | $3K |
Holdings After Transaction:
Restricted Stock Units — 634 shares (Direct);
Common Stock — 14,071 shares (Direct)
Footnotes (4)
- F1. Represents the conversion, upon vesting, of restricted stock units into common stock.
- F2. Represents August 1, 2026 of the restricted stock units awarded to the reporting person on August 1, 2023. 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.
- F3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
- F4. On August 1, 2023, the reporting person was granted 2,536 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on each anniversary of the grant date.
Key Figures
RSUs converted: 634 restricted stock units
Common shares acquired: 634 shares
Shares withheld for tax: 301 shares
+3 more
6 metrics
RSUs converted
634 restricted stock units
Vesting and conversion into common stock on August 1, 2026
Common shares acquired
634 shares
Non-derivative common stock acquired from RSU vesting on August 1, 2026
Shares withheld for tax
301 shares
Common stock withheld to satisfy tax obligations related to vesting
Tax withholding price
$11.50 per share
Per-share price used for the 301-share tax withholding transaction
Original RSU grant size
2,536 Restricted Stock Units
Grant to Favre on August 1, 2023, vesting in four equal installments
Number of vesting installments
4 installments
RSU grant vests and converts into common stock over four annual anniversaries
Key Terms
Restricted Stock Units, withholding taxes, derivative security, tax liability, +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.
withholding taxes financial
"includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
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.
tax liability financial
"transaction_code_description": "Payment of tax liability by delivering or withholding securities""
vest and convert financial
"Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did FORR executive Christophe Favre report in this Form 4?
Christophe Favre reported the vesting and conversion of 634 restricted stock units into common stock on August 1, 2026, along with a related 301-share withholding transaction to cover tax obligations at $11.50 per share.
What are the terms of Christophe Favre’s 2023 RSU grant at Forrester Research (FORR)?
On August 1, 2023, Favre was granted 2,536 restricted stock units. According to the footnotes, these RSUs vest and convert into common stock in four equal and consecutive installments on each anniversary of the grant date.
Were Christophe Favre’s FORR transactions made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes do not state that these transactions were executed pursuant to a Rule 10b5-1 or other pre-arranged trading plan.