Form 4: Altair Engineering Executive Marraccini Receives Stock Grant

Jeffrey Marraccini, Chief Information Security Officer at Altair Engineering, reports the acquisition of 996 Class A Common Stock restricted stock units.

Summary

• On February 12, 2025, Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., was granted 996 Class A Common Stock restricted stock units.
• These restricted stock units vest in four equal annual installments starting February 12, 2026.
• Following the reported transaction, Marraccini beneficially owns 5,749 shares of Class A Common Stock, including 3,821 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. It's a neutral to slightly positive indicator.

Positives

• The grant of restricted stock units aligns Marraccini's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.

Future Outlook

The vesting schedule of the restricted stock units indicates a multi-year commitment from the executive.

Industry Context

Stock grants are a common form of executive compensation in the tech industry, used to attract and retain talent and align their interests with shareholder value.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign, aligning executive interests with long-term company performance.
• Employees may see this as a sign of company stability and investment in its leadership.

Key Dates

Keywords

Form 4, insider trading, restricted stock units, beneficial ownership, Altair Engineering, ALTR, Marraccini, equity compensation