Form 4: Altair Engineering CEO James Scapa Reports Stock Grant and Holdings

James Scapa, CEO of Altair Engineering, reports the grant of restricted stock units and current beneficial ownership of Class A Common Stock.

Summary

• On February 12, 2025, James Scapa, the CEO of Altair Engineering Inc., was granted 72,555 Class A Common Stock restricted stock units.
• These restricted stock units vest in four equal annual installments starting February 12, 2026.
• Following the reported transaction, Scapa directly owns 190,505 shares of Class A Common Stock, which includes 160,749 unvested restricted stock units.
• Scapa also indirectly owns 1,193 shares of Class A Common Stock through his wife, including 20 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The grant of restricted stock units to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.

Future Outlook

The document does not contain forward-looking statements about the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the CEO's stake in the company.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the CEO's compensation and alignment with shareholder interests.

Key Dates

Keywords

Form 4, insider trading, restricted stock units, beneficial ownership, James Scapa, Altair Engineering, ALTR, CEO