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CRA INTERNATIONAL, INC.·4

Mar 24, 6:06 PM ET

Maleh Paul A 4

4 · CRA INTERNATIONAL, INC. · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

CRAI CEO Paul Maleh Receives 81.611 RSU Award

What Happened
Paul A. Maleh, President, CEO and a director of CRA International, was granted five awards of restricted stock units (RSUs) on March 20, 2026 totaling 81.611 RSUs (individual grants: 11.18; 19.621; 15.571; 19.309; 15.93). Each award was reported as acquired at $0.00 per unit (standard for compensation grants); the awards are derivative awards (contingent rights to receive shares or cash upon vesting), not open-market purchases or sales.

Key Details

  • Transaction date: March 20, 2026; Form filed March 24, 2026 (timely — filing on the second business day after the grant).
  • Reported acquisition price: $0.00 per RSU (award/grant).
  • Total RSUs awarded: 81.611 units (sum of the five grants listed).
  • Shares owned after transaction: Not specified in the provided excerpt of the filing.
  • Footnotes: The filing explains that each RSU represents a contingent right to one share and that vested RSUs may be settled in cash, shares, or a combination. Dividend equivalents accrue as additional RSUs ("Dividend Units"). The awards include Dividend Units in these aggregate amounts and vest on the schedules below:
    • 110.5170 Dividend Units — vest in two equal annual installments beginning April 11, 2026.
    • 193.9833 Dividend Units — vest in two equal annual installments beginning April 11, 2026.
    • 94.2295 Dividend Units — vest in three equal annual installments beginning April 29, 2026.
    • 116.8453 Dividend Units — vest in two equal annual installments beginning April 29, 2027.
    • 51.3020 Dividend Units — vest in four equal annual installments beginning May 20, 2026.
  • Note: One additional footnote in the filing describes a standard four-year option vesting schedule; that footnote appears to apply to option grants generally but is not directly tied to the RSU awards listed here.

Context
These transactions are compensation awards (derivative RSUs) rather than purchases or sales. RSU grants are commonly used to retain executives and align incentives; they only convert into shares (or cash) according to the vesting schedule and subject to tax withholding. Because the filing lists acquisition price as $0.00, no immediate cash purchase occurred.

Insider Transaction Report

Form 4
Period: 2026-03-20
CRA INTERNATIONAL, INC.CRAI
Maleh Paul A
DirectorPRESIDENT AND CEO
Transactions
  • Award

    Restricted Stock Units

    [F1][F2]
    2026-03-20+11.18→ 3,118.517 total
    → Common Stock (11.18 underlying)
  • Award

    Restricted Stock Units

    [F1][F3]
    2026-03-20+19.621→ 5,472.983 total
    → Common Stock (19.621 underlying)
  • Award

    Restricted Stock Units

    [F1][F4]
    2026-03-20+15.571→ 4,343.23 total
    → Common Stock (15.571 underlying)
  • Award

    Restricted Stock Units

    [F1][F5]
    2026-03-20+19.309→ 5,385.845 total
    → Common Stock (19.309 underlying)
  • Award

    Restricted Stock Units

    [F1][F6]
    2026-03-20+15.93→ 4,443.302 total
    → Common Stock (15.93 underlying)
Holdings

  • Common Stock

    115,113

  • Nonqualified Stock Option (right to buy)

    [F7]
    Exercise: $44.87From: 2017-12-18Exp: 2027-12-18→ Common Stock (16,304 underlying)
    16,304

  • Nonqualified Stock Option (right to buy)

    [F7]
    Exercise: $47.45From: 2018-12-06Exp: 2028-12-06→ Common Stock (15,173 underlying)
    15,173
Footnotes (7)
  • [F1]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.
  • [F2]The RSUs, which include an aggregate of 110.5170 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
  • [F3]The RSUs, which include an aggregate of 193.9833 Dividend Units, vest in two equal annual installments beginning on April 11, 2026.
  • [F4]The RSUs, which include an aggregate of 94.2295 Dividend Units, vest in three equal annual installments beginning on April 29, 2026.
  • [F5]The RSUs, which include an aggregate of 116.8453 Dividend Units, vest in two equal annual installments beginning on April 29, 2027.
  • [F6]The RSUs, which include an aggregate of 51.3020 Dividend Units, vest in four equal annual installments beginning on May 20, 2026.
  • [F7]Date indicated is date of grant. Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
Signature
Delia J. Makhlouta, by power of attorney|2026-03-24

Documents

1 file
  • 4
    form4-03242026_100313.xmlPrimary