Form 4: Altair Engineering Inc. Executive Brian Gayle Reports Sale of Class A Common Stock
SEC Form 4 Filing
Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., reported the sale of 138 shares of Class A Common Stock at an average price of $83.652 on February 28, 2024.
Summary
- On February 28, 2024, Brian Gayle, the Chief Accounting Officer of Altair Engineering Inc., sold 138 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $83.652 per share, with individual transactions ranging from $83.65 to $83.89.
- Following the reported transaction, Gayle directly owns 18,281 shares of Class A Common Stock, which includes 4,608 unvested restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of stock sale by an executive.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its officers.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction: Sale of Class A Common Stock. |
| 02/29/2024 | Date of signature on the SEC Form 4. |
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