CRA INTERNATIONAL, INC.·4

Mar 12, 5:34 PM ET

Holmes Chad M 4

Research Summary

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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.