Form 4: Altair Engineering Inc. Executive Amy Messano Reports Sale of Class A Common Stock

Amy Messano, Chief Marketing Officer of Altair Engineering Inc., reports the sale of 112 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 13, 2024, Amy Messano, Chief Marketing Officer of Altair Engineering Inc., sold 112 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $81.6558 per share, with individual prices ranging from $81.19 to $81.66.
• The 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 14,611 shares, including 5,076 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder perception, but is unlikely to be significant given the small number of shares involved.

Key Dates