Form 4: Altair Engineering Executive Ravi Kunju Reports Stock and Option Grants

Ravi Kunju, Chief Product Strategy Officer at Altair Engineering, reports the acquisition of restricted stock units and stock options.

Summary

• On March 15, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., was granted 2,667 Class A Common Stock restricted stock units.
• These restricted stock units vest in four equal annual installments starting March 15, 2025.
• Kunju also acquired 6,667 Class A Common Stock options on the same date, with an exercise price of $79.03.
• These options also vest in four equal annual installments commencing March 15, 2025, and expire on March 15, 2034.
• Following these transactions, Kunju beneficially owns 31,702 shares of Common Stock, including 8,376 unvested restricted stock units, and 6,667 stock options.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating a stable and incentivized management structure. This is generally viewed positively.

Positives

• The grant of restricted stock units and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This is a standard practice for publicly traded companies to incentivize and retain key executives through equity-based compensation.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies, particularly in the technology sector.
• Companies like Ansys, Autodesk, and Dassault Systèmes also utilize stock options and restricted stock units to incentivize their executives.
• The vesting schedules and grant sizes are generally aligned with industry norms for companies of similar size and stage.

Stakeholder Impact

• The grants incentivize the executive to work towards increasing shareholder value.
• Employees may view the grants as a positive sign of the company's commitment to its leadership.

Key Dates