Forrester (FORR) Chief Sales Officer Receives RSUs; Shares Withheld

What Happened
Christophe Favre, Chief Sales Officer of Forrester Research, had 634 restricted stock units (RSUs) vest and convert into 634 common shares on August 1, 2026. Of those shares, 301 were withheld by the company to satisfy tax withholding at $11.50 per share (total $3,462). The conversion was reported as a derivative exercise/conversion (code M) and the withholding as a tax-payment disposition (code F). Net shares added to Favre’s holdings from this vesting event = 634 − 301 = 333 shares.

Key Details

• Transaction date: August 1, 2026 (Form 4 filed Aug 4, 2026).
• Conversion: 634 RSUs converted into 634 common shares at $0.00 (no exercise price).
• Withholding: 301 shares withheld at $11.50 per share = $3,462 to cover taxes.
• Net shares delivered to insider: 333 shares.
• Footnotes: RSUs granted Aug 1, 2023 (2,536 RSUs total) vest in four equal annual installments; each RSU = 1 share; withholding provision used to satisfy tax liability.
• Shares owned after transaction: not reported on the provided excerpt.

Context
This was an RSU vesting event, not an open-market buy or discretionary sale. Withholding of shares to cover taxes is routine and common when awards vest; it does not necessarily indicate buying or selling intent. The Form 4 reports the conversion (code M) and the share withholding for taxes (code F). No indication in the provided data that this filing was late.