Form 4: Altair Engineering Inc. Executive Brian Gayle Reports Stock Grant
SEC Filing
Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., reports the grant of 1,798 Class A Common Stock restricted stock units.
Summary
- Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., filed a Form 4 on February 14, 2025.
- The report details a transaction on February 12, 2025, where Gayle was granted 1,798 Class A Common Stock restricted stock units.
- These restricted stock units vest in four equal annual installments starting February 12, 2026.
- Following the reported transaction, Gayle beneficially owns 18,511 shares of Class A Common Stock, which includes 6,350 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock grants, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity-based compensation awarded to key personnel.
Stakeholder Impact
- The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Reporting Person was granted 1,798 Class A Common Stock restricted stock units |
| 02/12/2026 | Vesting of restricted stock units commences in 4 equal annual installments |
| 02/14/2025 | Date of Form 4 filing |
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