Form 4: Altair Engineering COO Stephanie Buckner Reports Stock Sales

Stephanie Buckner, COO of Altair Engineering Inc., reported the sale of Class A Common Stock on March 4, 2024, according to a Form 4 filing with the SEC.

Summary

• Stephanie Buckner, Chief Operating Officer of Altair Engineering Inc. (ALTR), reported changes in beneficial ownership of the company's Class A Common Stock.
• On March 4, 2024, Buckner sold 486 shares at a price of $85.32 per share.
• Following the transaction, Buckner directly owns 14,004 shares of Class A Common Stock, which includes 6,029 unvested restricted stock units.
• The amount of securities beneficially owned by the Reporting Person has been reduced by 426 shares of Class A Common Stock to reflect the correction of an administrative error.
• Buckner also indirectly owns 6,678 shares through her husband, which includes 2,061 unvested restricted stock units.
• These shares were also sold on March 4, 2024 at a price of $85.32 per share.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a stock sale by an executive. The administrative error is a slight negative.

Negatives

• Stephanie Buckner sold 486 shares of Class A Common Stock at $85.32 on March 4, 2024.
• The amount of securities beneficially owned by the Reporting Person has been reduced by 426 shares of Class A Common Stock to reflect the correction of an administrative error.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. It's important to consider the context of these sales, such as the executive's overall holdings and any pre-arranged trading plans.

Stakeholder Impact

• The stock sale by a key executive could be perceived negatively by some shareholders, potentially leading to slight selling pressure.

Key Dates