Form 4: Altair Engineering Inc. Executive Amy Messano Sells Shares to Cover Tax Obligations

Chief Marketing Officer Amy Messano sold 153 shares of Altair Engineering Inc. Class A Common Stock to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On May 8, 2024, Amy Messano, Chief Marketing Officer of Altair Engineering Inc., sold 153 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $84.3792, with individual transactions ranging from $84.32 to $84.38 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Messano directly owns 18,141 shares, which includes 8,236 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 regarding the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it involves a small number of shares.
• The transaction is a standard practice for executives receiving stock-based compensation.

Key Dates