Form 4: Altair Engineering Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Amy Messano, Chief Marketing Officer of Altair Engineering, sold shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2025, Amy Messano, the Chief Marketing Officer of Altair Engineering Inc., sold 235 shares of Class A Common Stock.
- The sale was executed at a price of $111.53 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Messano beneficially owns 23,651 shares, which includes 13,156 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of the stock sale transaction. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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