Holmes Chad M 4
4 · CRA INTERNATIONAL, INC. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
CRAI EVP Chad Holmes Exercises RSUs, Sells Shares for Taxes
What Happened
Chad M. Holmes, EVP & Chief Corporate Development Officer of CRA International (CRAI), had RSUs that vested on March 10, 2026 and converted those RSUs into common shares. He acquired a total of 1,122.591 shares from conversion (459.722 + 662.869). To satisfy tax withholding and exercise‑price obligations, he surrendered/returned 558.591 shares to the issuer (20.722 + 208 + 29.869 + 300), valued at about $95,788 (sales/pricing at $171.75 and $171.25). The net result: roughly 564 shares were retained by Holmes after withholding.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the normal 2‑business‑day window).
- Prices used for share withholding/dispositions: $171.75 and $171.25. Total value of surrendered shares ≈ $95,788.
- Shares acquired by conversion: 1,122.591 (459.722 + 662.869). Shares surrendered: 558.591. Net shares retained ≈ 564.
- Footnotes: RSUs convert 1:1 into common stock; the vested RSUs referenced in F2 and F3 vested on March 10, 2026 and include dividend‑equivalent units. Withholding/surrender appears to be routine tax/exercise settlement.
- Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
Context
This was a conversion/settlement of vested RSUs with shares withheld/surrendered to the issuer to satisfy tax and related obligations (transaction codes: M = exercise/conversion, D = disposition to issuer, F = payment of exercise price/tax liability). This is a routine internal settlement (not an open‑market sale) and does not, by itself, indicate a change in the insider’s forward market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-10+459.722→ 45,815.722 total - Disposition to Issuer
Common Stock
2026-03-10$171.75/sh−20.722$3,559→ 45,795 total - Tax Payment
Common Stock
2026-03-10$171.75/sh−208$35,724→ 45,587 total - Exercise/Conversion
Common Stock
[F1]2026-03-10+662.869→ 46,249.869 total - Disposition to Issuer
Common Stock
2026-03-10$171.75/sh−29.869$5,130→ 46,220 total - Tax Payment
Common Stock
2026-03-10$171.25/sh−300$51,375→ 45,920 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-10−459.722→ 0 total→ Common Stock (459.722 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-10−662.869→ 0 total→ Common Stock (662.869 underlying)
- 728.282
Restricted Stock Units
[F1][F4]→ Common Stock (728.282 underlying) - 1,278.881
Restricted Stock Units
[F1][F5]→ Common Stock (1,278.881 underlying) - 824.995
Restricted Stock Units
[F1][F6]→ Common Stock (824.995 underlying) - 843.741
Restricted Stock Units
[F1][F7]→ Common Stock (843.741 underlying) - 1,022.594
Restricted Stock Units
[F1][F8]→ Common Stock (1,022.594 underlying) - 4,076
Nonqualified Stock Option (right to buy)
[F9]Exercise: $44.87From: 2017-12-18Exp: 2027-12-18→ Common Stock (4,076 underlying) - 4,425
Non-qualified stock options (right to buy)
[F9]Exercise: $47.45From: 2018-12-06Exp: 2028-12-06→ Common Stock (4,425 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 20.7215 Dividend Units, vested on March 10, 2026.
- [F3]The RSUs, which include an aggregate of 29.8693 Dividend Units, vested on March 10, 2026.
- [F4]The RSUs, which include an aggregate of 23.2820 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
- [F5]The RSUs, which include an aggregate of 40.8810 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
- [F6]The RSUs, which include an aggregate of 14.9952 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
- [F7]The RSUs, which include an aggregate of 6.7409 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
- [F8]The RSUs, which include an aggregate of 18.5936 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.