Form 4: Altair Engineering Director Teresa Harris Reports Stock Transactions

Director Teresa Harris of Altair Engineering Inc. reports the acquisition and disposition of Class A Common Stock and Stock Options on June 4, 2024.

Summary

• On June 4, 2024, Teresa Harris, a director at Altair Engineering Inc., engaged in transactions involving the company's Class A Common Stock and Stock Options.
• Harris acquired 620 shares of Class A Common Stock through the exercise of stock options at a price of $0.
• Simultaneously, Harris disposed of 620 shares of Class A Common Stock at a price of $85.95 per share.
• These transactions were executed under a pre-arranged trading plan (Rule 10b5-1) established on November 15, 2023.
• Following these transactions, Harris beneficially owns 21,242 shares of Class A Common Stock, including 2,347 unvested restricted stock units, and 15,120 Stock Options.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions without expressing any positive or negative outlook.

Positives

• The transactions were executed under a pre-arranged trading plan, indicating a structured and compliant approach to stock trading.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice in corporate governance, ensuring transparency and compliance with securities regulations.
• Companies like Autodesk, Ansys, and Dassault Systèmes, which are competitors of Altair Engineering, also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates