Form 4: Altair Engineering Executive Gilma Saravia Reports Sale of Class A Common Stock
SEC Form 4 Filing
Gilma Saravia, Chief People Officer of Altair Engineering Inc., reported selling 1,003 shares of Class A Common Stock at an average price of $83.651 on February 28, 2024.
Summary
- On February 28, 2024, Gilma Saravia, the Chief People Officer of Altair Engineering Inc., sold 1,003 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $83.651 per share, with individual transactions ranging from $83.51 to $83.89.
- Following the reported transaction, Saravia beneficially owns 15,373 shares, which includes 8,637 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its officers.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Sale of 1,003 shares of Class A Common Stock. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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