Chouinard Scott 4

What Happened
Scott Chouinard, Chief Accounting Officer of Forrester Research, was granted 6,800 Restricted Stock Units (RSUs) on April 15, 2026. The Form 4 shows an acquisition at $0.00 because RSUs are awards that convert to shares upon vesting rather than an open-market purchase.

Key Details

• Transaction date: April 15, 2026 (Form 4 filed April 17, 2026). Filing appears timely (within the usual 2-business-day window).
• Transaction type/code: A (award/grant). Reported price: $0.00 (typical for RSU grants).
• Number of RSUs granted: 6,800. Each RSU = right to one share upon vesting (per footnote).
• Vesting schedule: 4 equal installments vesting and converting to common stock on April 1 of 2027, 2028, 2029 and 2030 (per footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported — this is a compensation award, not a market purchase or sale.

Context
RSUs are a form of compensation: they represent a future right to company shares if the insider remains employed through each vest date. Because this is an award (not a purchase), it generally reflects compensation policy rather than an immediate bullish or bearish trading signal. When RSUs vest, some companies withhold shares for taxes — that would be reported separately if it occurred.