Form 4: Altair Engineering Executive Brian Gayle Sells Shares to Cover Tax Obligations

Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., sold 182 shares of Class A Common Stock on March 17, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Brian Gayle, the Chief Accounting Officer of Altair Engineering Inc., sold 182 shares of Class A Common Stock.
• The sale was executed at a price of $111.3 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Gayle directly owns 18,008 shares, which includes 4,507 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations. It doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Executive share sales for tax purposes are a common practice and generally don't indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it's a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Altair Engineering, Brian Gayle, ALTR, share sale, Form 4, tax withholding, restricted stock units, Chief Accounting Officer