Facemire Michael 4

What Happened

• Michael Facemire, Chief Technology Officer of Forrester Research, had 5,994 restricted stock units (RSUs) convert into common stock on April 1, 2026 (no cash paid). Of those vested shares, 2,855 were withheld by the company to satisfy tax withholding at $5.39/share (total $15,388). That results in a net issuance to him of 3,139 shares (5,994 vested minus 2,855 withheld).
• On the same date he was also granted 25,000 new RSUs (awarded, $0 exercise price) that vest in four equal annual installments beginning April 1, 2027. The $15,388 related to the withheld shares is the only cash-equivalent amount reported.

Key Details

• Transaction date: April 1, 2026; filing date: April 2, 2026 (timely Form 4 filing).
• Vested/conversion: 5,994 RSUs converted to common stock at $0.00 per share.
• Tax withholding (disposition): 2,855 shares withheld at $5.39/share = $15,388.
• Grant: 25,000 RSUs awarded on April 1, 2026, vesting in four equal installments beginning one year from grant.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Withholding of shares to satisfy tax obligations on vesting (routine); each RSU converts to one share upon vesting.

Context

• These transactions are compensation-related (RSU vesting and a new RSU grant), not open-market purchases or discretionary sales. The withholding of shares to cover taxes is a common, routine administrative action and not a market sale for cash beyond the tax obligation.
• The vested shares came from prior RSU grants: 3,975 RSUs granted 4/1/2024 (one-quarter installment ≈ 994 shares) and 20,000 RSUs granted 4/1/2025 (one-quarter installment = 5,000 shares), totaling the 5,994 vested. The 25,000-RSU grant begins vesting on 4/1/2027.