Form 4: Altair Engineering Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering, sold shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- Jeffrey Marraccini, Chief Information Security Officer at Altair Engineering Inc., sold 197 shares of Class A Common Stock on March 3, 2025.
- The sale was executed at a price of $111.45 per share.
- The transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Marraccini beneficially owns 5,552 shares of Class A Common Stock, which includes 3,245 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and does not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the transaction (sale of shares). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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