Form 4: Altair Engineering CFO Matthew Brown Reports Stock Grant

Matthew Brown, CFO of Altair Engineering, reports the grant of 17,613 Class A Common Stock restricted stock units.

Summary

• On February 12, 2025, Matthew Brown, the Chief Financial Officer of Altair Engineering Inc., was granted 17,613 Class A Common Stock restricted stock units.
• These restricted stock units vest in four equal annual installments starting on February 12, 2026.
• Following this transaction, Brown beneficially owns 73,205 shares of Class A Common Stock, which includes 47,425 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock units aligns the CFO's interests with the long-term performance of the company.

Industry Context

This is a standard practice for publicly traded companies to incentivize and retain key executives through equity compensation.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
• Companies like Ansys, Autodesk, and Dassault Systèmes also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedule of four equal annual installments is a typical vesting structure.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the CFO is incentivized to improve the company's performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates