Form 4: Altair Engineering COO Stephanie Buckner Reports Stock Transactions

Stephanie Buckner, COO of Altair Engineering Inc., reports acquisition and disposal of Class A Common Stock, including shares sold to cover tax obligations related to vesting restricted stock units.

Summary

• Stephanie Buckner, the Chief Operating Officer of Altair Engineering Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On February 12, 2025, her husband was granted 323 Class A Common Stock restricted stock units, vesting in four equal annual installments starting February 12, 2026.
• On March 3, 2025, 62 shares of Class A Common Stock were sold at $111.45 per share to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Ms. Buckner directly owns 31,352 shares of Class A Common Stock, including 17,141 unvested restricted stock units.
• Her husband indirectly owns 7,635 shares, including 1,737 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Stock transactions and ownership structures are company specific and are not directly comparable to industry standards.
• However, the reporting requirements and timelines are standardized by the SEC.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
• The sale of shares to cover tax obligations is a common practice and unlikely to significantly affect stakeholder confidence.

Key Dates