CRA INTERNATIONAL, INC.·4

Mar 12, 5:36 PM ET

Yellin Jonathan D 4

Research Summary

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Updated

CRAI EVP Jonathan Yellin Receives 656 Net Shares from RSU Vesting

What Happened

  • Jonathan D. Yellin, EVP and General Counsel of CRA International, had RSUs vest on March 10, 2026. The filing shows conversion/exercise of 398.984 and 573.871 RSU-derived shares (total 972.855 shares).
  • Of those, 316.855 shares were surrendered/withheld to cover taxes and related items (17.984 + 25.871 shares shown as dispositions to the issuer and 112 + 161 shares shown for tax withholding) at $171.75 per share, totaling $54,420 in value. After withholding, Yellin received 656 net shares.
  • This was an award/vesting event (not an open-market buy or sell); withholding of shares to cover taxes is routine.

Key Details

  • Transaction date: March 10, 2026. Form filed March 12, 2026 (timely).
  • Price used for withholding/disposition: $171.75 per share. Cash value of withheld/disposed shares: $54,420 (breakdown: $3,089 + $4,443 + $19,236 + $27,652).
  • Gross shares vesting: 972.855; shares withheld/disposed: 316.855; net shares delivered to insider: 656.
  • Footnotes: RSUs represent contingent rights to one share each; dividend equivalent units accrue and some RSU tranches vest later (see F1–F9). Footnotes F2 and F3 confirm the RSU tranches that vested on March 10, 2026.
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion), D = disposition to issuer, F = shares withheld to pay tax liability.
  • Shares owned after the transaction (total beneficial holdings) are not disclosed in the excerpt; net change from this event = +656 shares.

Context

  • This was a standard RSU vesting with shares withheld to satisfy tax withholding obligations (a common “sell-to-cover”/surrender practice), not an open-market sale or purchase that signals a trading decision.
  • For retail investors, note that award vesting increases insider exposure to the stock unless all vested shares are immediately sold; here Yellin retained 656 shares after withholding.