Yellin Jonathan D 4
Research Summary
AI-generated summary
CRAI EVP Jonathan Yellin Converts RSUs; Shares Withheld for Taxes
What Happened
- Jonathan D. Yellin, EVP & General Counsel of CRA International (CRAI), had vested equity awards converted into common shares on April 11, 2026. The Form 4 reports exercise/conversion entries for 316.206 and 555.690 shares (totaling 871.896 shares).
- Portions of those shares were surrendered/withheld to cover tax withholding and issuer disposition: two dispositions to the issuer of 11.206 shares ($1,836) and 19.690 shares ($3,225), and tax-withholding/share-surrender entries of 90 shares ($14,742) and 158 shares ($25,880). Combined cash value of the surrendered/withheld shares = $45,683. Net shares delivered to Yellin after withholdings were roughly 593 shares (871.896 gross − 278.896 surrendered).
Key Details
- Transaction date: April 11, 2026; Form 4 filed April 14, 2026.
- Prices used for withholding/disposition calculations: $163.80 per share.
- Reported entries and codes: M = exercise/conversion of derivative (RSU conversion); D = disposition to issuer; F = payment of tax liability (share withholding).
- Shares surrendered/withheld: 11.206 (D, $1,836), 19.690 (D, $3,225), 90 (F, $14,742), 158 (F, $25,880).
- Ownership after transaction: not specified in the provided filing excerpt.
- Notable footnotes: RSUs convert to one share each upon vesting; vested RSUs may be paid in cash, shares, or a combination; dividend-equivalent units accrue and vest per the footnotes (see F1–F7 for vesting schedules).
Context
- These entries reflect routine conversion/settlement of restricted stock units (RSUs) with shares withheld to satisfy tax obligations — effectively a cashless settlement, not an open‑market sale or discretionary buy. Such transactions are compensation-related and generally do not imply a buy/sell investment signal by the insider.
- The filing lists multiple RSU grants and vesting schedules (per footnotes). No 10% owner/plan trading or 10b5-1 plan is indicated in the provided data.