Form 4: Altair Engineering Director, Teresa A. Harris, Receives Stock Grant

Director Teresa A. Harris received 2,347 Class A Common Stock restricted stock units from Altair Engineering Inc. on May 8, 2024, which will vest on May 8, 2025.

Summary

• On May 8, 2024, Teresa A. Harris, 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, Harris beneficially owns 21,242 shares, including the unvested restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period of one year encourages continued service and contribution to the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize performance and align their interests with shareholders. This filing is a routine disclosure of such a grant.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: May boost morale by demonstrating confidence in the company's future.

Key Dates