Maleh Paul A 4
4 · CRA INTERNATIONAL, INC. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
CRA International (CRAI) CEO Paul Maleh Receives RSUs; Shares Withheld
What Happened
- Paul A. Maleh, President, CEO and a director of CRA International (CRAI), had RSUs vest on March 10, 2026 that converted into 4,787.82 shares of common stock. To satisfy tax withholding and related payments, 2,427.82 shares were delivered back to the issuer at $171.75 per share (total withheld ≈ $416,978), leaving a net of 2,360.00 shares issued to him.
- The filing shows the vesting/conversion as derivative exercises (code M) and share dispositions to the issuer (codes D and F) for tax/payment withholding. The $0.00 exercise price entries reflect RSU conversions (no cash exercise price).
Key Details
- Transaction date: March 10, 2026; filing date: March 12, 2026 (timely).
- Withholding price used: $171.75 per share.
- 88.4555 shares withheld — $15,192
- 127.3641 shares withheld — $21,875
- 907 shares withheld — $155,777
- 1,305 shares withheld — $224,134
- Total withheld value ≈ $416,978
- Gross shares from vesting/conversion: 4,787.8200; net shares delivered to Maleh: 2,360.0000.
- Footnotes: RSUs represent contingent rights to one share each; certain RSUs included Dividend Units and vesting schedules (see F2–F9). The RSUs that vested on March 10 are noted in footnotes F2 and F3.
- Shares owned after the transaction are not specified in the provided filing excerpt.
Context
- This was not an open-market sale or purchase but a routine RSU vesting event with shares withheld to cover tax obligations (similar to a cashless settlement). Such withholding transactions are standard and do not necessarily signal insider buying or selling intentions in the market.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion), D = disposition to issuer, F = payment of exercise price or tax liability.
Insider Transaction Report
Form 4
Maleh Paul A
DirectorPRESIDENT AND CEO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-10+1,962.456→ 122,215.456 total - Disposition to Issuer
Common Stock
2026-03-10$171.75/sh−88.456$15,192→ 122,127 total - Tax Payment
Common Stock
2026-03-10$171.75/sh−907$155,777→ 121,220 total - Exercise/Conversion
Common Stock
[F1]2026-03-10+2,825.364→ 124,045.364 total - Disposition to Issuer
Common Stock
2026-03-10$171.75/sh−127.364$21,875→ 123,918 total - Tax Payment
Common Stock
2026-03-10$171.75/sh−1,305$224,134→ 122,613 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-10−1,962.456→ 0 total→ Common Stock (1,962.456 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-10−2,825.364→ 0 total→ Common Stock (2,825.364 underlying)
Holdings
- 3,107.337
Restricted Stock Units
[F1][F4]→ Common Stock (3,107.337 underlying) - 5,453.362
Restricted Stock Units
[F1][F5]→ Common Stock (5,453.362 underlying) - 4,327.659
Restricted Stock Units
[F1][F6]→ Common Stock (4,327.659 underlying) - 4,427.372
Restricted Stock Units
[F1][F7]→ Common Stock (4,427.372 underlying) - 5,366.536
Restricted Stock Units
[F1][F8]→ Common Stock (5,366.536 underlying) - 16,304
Nonqualified Stock Option (right to buy)
[F9]Exercise: $44.87From: 2017-12-18Exp: 2027-12-18→ Common Stock (16,304 underlying) - 15,173
Nonqualified Stock Option (right to buy)
[F9]Exercise: $47.45From: 2018-12-06Exp: 2028-12-06→ Common Stock (15,173 underlying)
Footnotes (9)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock; vested RSUs are payable in the form of cash, shares of the Issuer's common stock or a combination thereof, except as otherwise indicated below. To the extent vested RSUs are paid in shares of the Issuer's common stock, such shares will be delivered to the reporting person as soon as possible after vesting, but in no event later than two and one-half months after the end of the year in which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of additional RSUs ("Dividend Units") when and as dividends are paid on the Issuer's common stock, and Dividend Units vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
- [F2]The RSUs, which include an aggregate of 88.4555 Dividend Units, vested on March 10, 2026.
- [F3]The RSUs, which include an aggregate of 127.3641 Dividend Units, vested on March 10, 2026.
- [F4]The RSUs, which include an aggregate of 99.3368 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
- [F5]The RSUs, which include an aggregate of 174.3620 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
- [F6]The RSUs, which include an aggregate of 78.6585 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
- [F7]The RSUs, which include an aggregate of 35.3720 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
- [F8]The RSUs, which include an aggregate of 97.5364 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
- [F9]Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
Signature
Delia J. Makhlouta, by power of attorney|2026-03-12