Chouinard Scott 4

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.