Form 4: Altair Engineering Executive Sells Shares to Cover Tax Obligations

Gilma Saravia, Chief People Officer of Altair Engineering, sold 425 shares of Class A Common Stock on March 18, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On March 18, 2025, Gilma Saravia, the Chief People Officer of Altair Engineering Inc. (ALTR), sold 425 shares of Class A Common Stock.
• The sale was executed at a price of $111.3 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, Saravia beneficially owns 22,097 shares, which includes 11,194 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, given the relatively small number of shares involved.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders, as it is a routine transaction related to executive compensation.

Key Dates

Keywords

Form 4, Altair Engineering, ALTR, Gilma Saravia, Chief People Officer, Stock Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership