Form 4: Altair Engineering Executive Amy Messano Reports Stock Transactions
SEC Form 4
Amy Messano, Chief Marketing Officer of Altair Engineering Inc., reports the exercise of stock options and sale of Class A Common Stock on May 21, 2024.
Summary
- On May 21, 2024, Amy Messano, Chief Marketing Officer of Altair Engineering Inc., executed transactions involving the company's stock.
- Messano exercised stock options to acquire 16,865 shares, 1,424 shares and 1,563 shares of Class A Common Stock at exercise prices of $39.82, $61.93 and $30.15 respectively.
- She then sold 19,852 shares of Class A Common Stock at a weighted average price of $90.5088 per share, with individual sales ranging from $90.08 to $91.07.
- Following these transactions, Messano directly owns 18,141 shares of Class A Common Stock, including 8,236 unvested restricted stock units.
- She also holds options to purchase 5,635 shares at $39.82, 1,570 shares at $61.93 and 0 shares at $30.15.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the size of the transactions relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | Commencement date for vesting of options exercised on 05/21/2024 at an exercise price of $30.15. |
| 06/02/2022 | Commencement date for vesting of options exercised on 05/21/2024 at an exercise price of $39.82. |
| 03/15/2024 | Commencement date for vesting of options exercised on 05/21/2024 at an exercise price of $61.93. |
| 05/21/2024 | Date of stock option exercise and stock sale. |
| 05/23/2024 | Date of Form 4 filing. |
| 03/11/2030 | Expiration date for options exercised on 05/21/2024 at an exercise price of $30.15. |
| 06/02/2030 | Expiration date for options exercised on 05/21/2024 at an exercise price of $39.82. |
| 03/15/2031 | Expiration date for options exercised on 05/21/2024 at an exercise price of $61.93. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.