Chad M. Holmes - 08 Nov 2023 Form 4 Insider Report for CRA INTERNATIONAL, INC. (CRAI)

Signature
Delia J. Makhlouta, by power of attorney
Issuer symbol
CRAI
Transactions as of
08 Nov 2023
Net transactions value
-$354,391
Form type
4
Filing time
13 Nov 2023, 17:42:32 UTC
Previous filing
12 Sep 2023
Next filing
07 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRAI Common Stock Options Exercise $185,760 +6,000 +16% $30.96 43,149 08 Nov 2023 Direct
transaction CRAI Common Stock Sale $164,135 -1,850 -4.3% $88.72 41,299 08 Nov 2023 Direct F1
transaction CRAI Common Stock Sale $106,893 -1,195 -2.9% $89.45 40,104 08 Nov 2023 Direct F2
transaction CRAI Common Stock Sale $151,230 -1,671 -4.2% $90.50 38,433 08 Nov 2023 Direct F3
transaction CRAI Common Stock Sale $99,423 -1,084 -2.8% $91.72 37,349 08 Nov 2023 Direct F4
transaction CRAI Common Stock Sale $18,470 -200 -0.54% $92.35 37,149 08 Nov 2023 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRAI Nonqualified Stock Option (right to buy) Options Exercise $0 -6,000 -100% $0.000000* 0 08 Nov 2023 Common Stock 6,000 $30.96 Direct F6
holding CRAI Restricted Stock Units 727 08 Nov 2023 Common Stock 727 Direct F7, F8
holding CRAI Restricted Stock Units 1,362 08 Nov 2023 Common Stock 1,362 Direct F7, F9
holding CRAI Restricted Stock Units 1,372 08 Nov 2023 Common Stock 1,372 Direct F7, F10
holding CRAI Restricted Stock Units 1,344 08 Nov 2023 Common Stock 1,344 Direct F7, F11
holding CRAI Restricted Stock Units 1,054 08 Nov 2023 Common Stock 1,054 Direct F7, F12
holding CRAI Restricted Stock Units 2,469 08 Nov 2023 Common Stock 2,469 Direct F7, F13
holding CRAI Restricted Stock Units 1,896 08 Nov 2023 Common Stock 1,896 Direct F7, F14
holding CRAI Restricted Stock Units 1,420 08 Nov 2023 Common Stock 1,420 Direct F7, F15
holding CRAI Nonqualified Stock Option (right to buy) 4,076 08 Nov 2023 Common Stock 4,076 $44.87 Direct F6
holding CRAI Non-qualified stock options (right to buy) 4,425 08 Nov 2023 Common Stock 4,425 $47.45 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.14 to $89.13, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $89.14 to $90.13, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $90.25 to $91.20, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $91.25 to $92.07, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $92.25 to $92.55, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F6 Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
F7 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.
F8 The RSUs, which include an aggregate of 44.2737 Dividend Units, vest on December 5, 2023.
F9 The RSUs, which include an aggregate of 82.9486 Dividend Units, vest on December 5, 2023.
F10 The RSUs, which include an aggregate of 50.0664 Dividend Units, vest in two equal annual installments beginning on December 15, 2023.
F11 The RSUs, which include an aggregate of 27.3681 Dividend Units, vest in three equal annual installments beginning on March 10, 2024.
F12 The RSUs, which include an aggregate of 34.6300 Dividend Units, vest in two equal annual installments beginning on March 22, 2024.
F13 The RSUs, which include an aggregate of 90.0799 Dividend Units, vest in two equal annual installments beginning on December 15, 2023.
F14 The RSUs, which include an aggregate of 62.3178 Dividend Units, vest in two equal annual installments beginning on March 22, 2024.
F15 The RSUs, which include an aggregate of 9.8152 Dividend Units, vest in four equal annual installments beginning on April 11, 2024.

Remarks:

These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 10, 2023.