Form 4: Altair Engineering Inc. Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., sold 285 shares of Class A Common Stock to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On May 8, 2024, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc., sold 285 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $84.3792 per share, with individual transactions ranging from $84.32 to $84.38.
- The purpose of the sale was to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Dias still beneficially owns 48,437 shares, which includes 21,443 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 6
Explanation: The document reports a routine stock sale for tax purposes, which is neutral. There is no indication of positive or negative sentiment towards 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 and are generally not indicative of a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the stock sale transaction. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.