Form 4: Altair Engineering Director Stephen P. Earhart Reports Share Disposal Following Siemens Acquisition

Stephen P. Earhart, a director at Altair Engineering, reported the disposal of shares following the company's acquisition by Siemens Industry Software Inc. on March 26, 2025.

Summary

• On March 26, 2025, Altair Engineering was acquired by Siemens Industry Software Inc. pursuant to a merger agreement dated October 30, 2024.
• Stephen P. Earhart, a director of Altair Engineering, reported changes in beneficial ownership of the company's stock due to this acquisition.
• Each share of Class A Common Stock was converted into the right to receive $113.00 in cash.
• Unvested Class A Common Stock restricted stock units (RSUs) were vested, canceled, and converted into the right to receive $113.00 in cash.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to a completed acquisition. The sentiment is neutral as it simply reports the transaction details.

Future Outlook

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

Industry Context

This announcement reflects a trend of consolidation in the engineering software industry, with larger players like Siemens acquiring specialized firms to expand their product offerings and market reach.

Stakeholder Impact

• Shareholders received $113.00 in cash for each share of Class A Common Stock.
• Holders of unvested RSUs received $113.00 in cash for each unit.

Key Dates

Keywords

Altair Engineering, Siemens, acquisition, merger, Form 4, beneficial ownership, Stephen P. Earhart, ALTR, shares, RSUs