Form 4: Altair Engineering Director Sandra Ann Carter Reports Changes in Beneficial Ownership

Sandra Ann Carter, a director at Altair Engineering Inc., reported the acquisition of 2,347 Class A Common Stock restricted stock units on May 8, 2024, according to a Form 4 filing.

Summary

• On May 8, 2024, Sandra Ann Carter, 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, Carter beneficially owns 13,389 shares of Class A Common Stock, including 3,256 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.

Industry Context

This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is a routine part of corporate governance and transparency.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates