Company: CRAI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039429
Chunk: 37

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 37
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 divestitures) and our consolidated non-GAAP cumulative annual net revenue growth (including acquisitions and divestitures). (12) The number of shares of our common stock potentially issuable under each of these PRSUs is based on the outcome of their performance conditions and ranges from a threshold of 52% of the PRSU’s target payment to a maximum of 150% of the PRSU’s target payment. If these PRSUs’ threshold performance level is not achieved over their performance period, no payment will be made under them. When determining these PRSUs’ performance targets, our compensation committee sets goals that it believes will be challenging to achieve, based on a review of our future financial plan and general economic conditions, in order to motivate a high degree of business performance with an emphasis on longer term financial objectives. Mr. Holmes’ Supplemental PRSU Award has a performance period of December 31, 2023 through January 1, 2028, the last day of the fiscal year 2027, or “fiscal 2027.” The Supplemental PRSU Award will vest subject to Mr. Holmes’ attainment of “Incentive Award Revenue” targets through fiscal 2027, as determined by the compensation committee, and Mr. Holmes’ continued service with the Company through the applicable vesting dates. The Supplemental PRSU Award defines “Incentive Award Revenue” as the sum of the attributed share of sourced net revenue for fiscal 2027 relating to those client projects that “Inorganic Additions” played a role in sourcing, where each project’s net revenue is adjusted to reflect the portion of sourcing credit allocated to an Inorganic Addition. The Supplemental PRSU Award defines an “Inorganic Addition” as an individual who either (i) becomes employed by the Company or (ii) provides services to the Company, in each case, through affiliated contractor assignments during fiscal 2024 through fiscal 2027. The number of shares of our common stock potentially issuable under the Supplemental PRSU Award range from a threshold of 50% to a target/maximum of 100% (for purposes of the Supplemental PRSU Award, there is no opportunity to earn a payout above the “target” level; accordingly, the “target” and “maximum” levels are the same). If the Supplemental PRSU Award’s threshold performance level is not achieved over the performance period, no payment will be made under the Supplemental PRSU Award. (10) See footnote 3 for the definition