Forrester (FORR) CTO Michael Facemire Converts RSUs; Shares Withheld

What Happened

• Michael Facemire, Chief Technology Officer of Forrester Research (FORR), had restricted stock units (RSUs) vest and convert into 2,605 shares of common stock on August 1, 2026. To satisfy withholding tax obligations, 1,102 of those shares were withheld by the issuer at $11.50 per share (total value $12,673). The remaining vested shares were issued to him. The filing shows conversion/settlement entries tied to RSU vesting rather than an open-market sale or purchase.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026 (timely).
• Transactions reported:
  • 2,605 shares acquired on conversion of RSUs (code M — derivative conversion upon vesting) @ $0.00 per share.
  • 1,102 shares withheld to satisfy tax withholding (code F) @ $11.50 per share = $12,673.
  • Additional derivative entries of 634 and 1,971 shares (both listed as M/disposed at $0) reflect the mechanics of the vesting/conversion across award tranches.
• Footnotes: RSUs convert 1-for-1 into common stock (F1, F3). Withholding reflects vesting of RSUs granted Aug 1, 2023 (2,536 RSUs) and Aug 1, 2024 (7,882 RSUs), which vest in four equal annual installments starting on the first anniversary (F4, F5, F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was not an open-market purchase or a discretionary sale indicating market timing — it is the routine conversion of RSU awards upon vesting with shares withheld to cover taxes. For retail investors, such conversions are standard compensation events and typically do not by themselves indicate a change in insider sentiment.