Forrester (FORR) CAO Scott Chouinard Receives RSUs; Shares Withheld

What Happened
Scott Chouinard, Chief Accounting Officer of Forrester Research (FORR), had a tranche of restricted stock units (RSUs) vest on August 1, 2026. The filing shows conversion of 925 RSUs into common stock at $0 exercise price (no cash paid). To satisfy withholding taxes on the vesting, 271 shares were withheld by the issuer at $11.50 per share (total $3,117). Net shares issued to Chouinard after withholding were 654.

Key Details

• Transaction date: August 1, 2026.
• Conversion/vesting: 925 RSUs converted to common stock (reported as derivative conversion, code M) at $0.00 exercise price.
• Tax withholding: 271 shares withheld (reported as disposition, code F) at $11.50 per share for total withholding of $3,117.
• Net shares delivered to insider: 654 (925 vested − 271 withheld).
• Footnotes: RSUs were granted Aug 1, 2023 (3,702 total) vesting in four equal installments; each RSU equals one share. Withholding by the issuer is to satisfy tax obligations on vesting.
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: no late filing flag indicated in the provided data.

Context
This was an RSU vesting and standard tax-withholding event, not an open-market purchase or voluntary sale. The conversion was effectively a payout of previously granted equity; withholding of shares to cover taxes is a routine administrative step and does not by itself signal a buy or sell opinion.