Maleh Paul A 4

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.