Form 4: Altair Engineering COO Stephanie Buckner Reports Sale of Shares for Tax Obligations

Stephanie Buckner, COO of Altair Engineering Inc., reports the sale of 47 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Stephanie Buckner, the Chief Operating Officer of Altair Engineering Inc. (ALTR), filed a Form 4 with the SEC on March 19, 2025.
• The form reports a transaction that occurred on March 17, 2025, where Ms. Buckner sold 47 shares of Class A Common Stock at a price of $111.3.
• This sale was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
• Following the reported transaction, Ms. Buckner directly owns 31,352 shares of Class A Common Stock, including 17,141 unvested restricted stock units.
• She also indirectly owns 7,588 shares through her husband, including 1,431 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about management's confidence in the company's prospects. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook.

Key Dates

Keywords

Form 4, Altair Engineering, ALTR, Stephanie Buckner, Chief Operating Officer, Stock Sale, Restricted Stock Units, Tax Obligations, Beneficial Ownership