Chouinard Scott 4

4 · FORRESTER RESEARCH, INC. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Forrester (FORR) Chief Accounting Officer Scott Chouinard Receives Shares

What Happened

Scott Chouinard, Chief Accounting Officer of Forrester Research (FORR), had restricted stock units (RSUs) vest and convert into 4,645 common shares on April 1, 2026. The filing shows 4,645 shares acquired at $0.00 on conversion.
To satisfy tax withholding, 1,608 of those shares were withheld by the issuer (reported as disposed) at an implied value of $5.39 each, totaling $8,667. After withholding, Chouinard received a net 3,037 shares (4,645 − 1,608 = 3,037).
This was an RSU vesting transaction (not an open-market purchase or sale) — a routine compensation event rather than a directional buy or sell signal.

Key Details

Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
Reported entries: conversion/exercise of derivative securities (code M) for 4,645 shares; tax withholding (code F) of 1,608 shares at $5.39/share = $8,667.
Net shares added to holdings: 3,037 shares (4,645 vested − 1,608 withheld).
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes: each RSU converts to one common share; withholding of shares was used to satisfy tax obligations. Vesting came from RSU grants made April 1, 2024 (5,760 RSUs, 4 installments of 1,440) and April 1, 2025 (12,820 RSUs, 4 installments of 3,205).

Context

This was a standard RSU vesting and withholding-for-taxes (cashless) transaction — common for executive compensation and not the same as an open-market sale or purchase.
Transaction codes: M = conversion/exercise of derivative (RSU conversion), F = shares withheld to pay taxes. No indication of a 10b5-1 plan or late filing in the reported information.

Form 4

Period: 2026-04-01

Chief Accounting Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-01+4,645→ 16,218 total
Tax Payment
Common Stock
[F2]
2026-04-01$5.39/sh−1,608$8,667→ 14,610 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-04-01−1,440→ 2,880 total
Exercise: $0.00→ Common Stock (1,440 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-04-01−3,205→ 9,615 total
Exercise: $0.00→ Common Stock (3,205 underlying)

Holdings

Footnotes (5)

[F1]Represents the conversion, upon vesting, of restricted stock units into common stock.
[F2]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.
[F3]Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
[F4]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.
[F5]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.

Signature

Maite Garcia, attorney-in-fact for Scott Chouinard|2026-04-02

1 file