Form 4: Altair Engineering Director James Francis Anderson Reports Stock Grant
SEC Form 4 Filing
Director James Francis Anderson reports receiving 2,347 Class A Common Stock restricted stock units from Altair Engineering, vesting on May 8, 2025.
Summary
- On May 8, 2024, James Francis Anderson, a director of Altair Engineering Inc., was granted 2,347 Class A Common Stock restricted stock units.
- These restricted stock units will vest on May 8, 2025.
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- Following the transaction, Anderson beneficially owns 15,229 shares of Class A Common Stock, including 3,342 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing regarding stock grants, which is neutral in sentiment.
Positives
- The grant of restricted stock units to a director aligns their interests with those of the shareholders.
Industry Context
Stock grants to directors are a common practice in publicly traded companies to incentivize performance and align interests with shareholders.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment by aligning director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Reporting Person was granted 2,347 Class A Common Stock restricted stock units |
| 05/08/2025 | Vesting date for the 2,347 Class A Common Stock restricted stock units |
| 05/10/2024 | Date of Raoul Maitra's signature as attorney-in-fact for James Francis Anderson |
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