Form 4: Altair Engineering Director Disposes of Shares in Siemens Acquisition

Mary Cunningham Boyce, a director at Altair Engineering, reports the disposal of Class A Common Stock due to the company's acquisition by Siemens Industry Software Inc.

Summary

• On March 26, 2025, Altair Engineering was acquired by Siemens Industry Software Inc.
• Mary Cunningham Boyce, a director at Altair Engineering, reported changes in beneficial ownership of the company's stock.
• The transaction involved the disposal of Class A Common Stock, with each share converted into the right to receive $113 in cash.
• This also included unvested Class A Common Stock restricted stock units (RSUs) which were vested, canceled, and converted into the right to receive $113 in cash.
• The acquisition was pursuant to a merger agreement dated October 30, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard regulatory filing related to a previously announced acquisition.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition.

Industry Context

The acquisition of Altair Engineering by Siemens reflects a trend of consolidation in the engineering software industry, where larger companies acquire specialized firms to expand their product offerings and market reach.

Stakeholder Impact

• Shareholders received $113 in cash for each share of Class A Common Stock.
• Employees may experience changes as a result of the acquisition by Siemens.

Key Dates

Keywords

Altair Engineering, Siemens, Acquisition, Merger, Form 4, Director, Stock Disposal, RSUs