CRAI CFO Eric Nierenberg Exercises RSUs, Sells Shares

What Happened Eric Nierenberg, EVP, CFO and Treasurer of CRA International, converted 185.336 derivative awards (RSUs/units) into common shares on 2026-08-04. To cover tax withholding and related obligations, 54 shares were surrendered (F) and 2.336 shares were disposed to the issuer (D) at $180.85 each, producing proceeds of $9,766 and $423 respectively (total ≈ $10,189). After withholding/disposition, 129 shares remained deliverable to Mr. Nierenberg.

Key Details

• Transaction date: August 4, 2026. Filing date: August 10, 2026 (filed 6 days after the transaction; Form 4s are typically due within 2 business days, so this appears late).
• Conversions: 185.336 shares via exercise/conversion of derivative (code M).
• Withholding/disposition: 54 shares withheld for taxes (code F) at $180.85 ($9,766); 2.336 shares disposed to issuer (code D) at $180.85 ($423). Combined proceeds ≈ $10,189.
• Shares retained/delivered to insider after withholding: 129 shares.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: RSUs represent contingent rights to receive shares and may be paid in cash, shares, or a mix. Footnotes describe Dividend Units and vesting schedules for other RSU grants (vests in multi-year installments beginning in 2027).

Context

• This appears to be a routine settlement of restricted stock units with shares withheld/sold to cover tax obligations (a cashless/withholding-type settlement), not an open-market purchase or independent sale for investment purposes. Derivative code M indicates conversion/exercise; code F indicates tax withholding; code D indicates disposition to issuer.
• Such withholding/sale transactions are common and generally reflect tax compliance rather than a directional bet on the stock.