Form 4: Altair Engineering Inc. Executive Gilma Saravia Reports Stock Sale
SEC Form 4 Filing
Gilma Saravia, Chief People Officer of Altair Engineering Inc., sold 1,684 shares of Class A Common Stock at $91.08 per share on May 17, 2024.
Summary
- Gilma Saravia, Chief People Officer of Altair Engineering Inc. (ALTR), reported a transaction involving the company's Class A Common Stock.
- On May 17, 2024, Saravia sold 1,684 shares at a price of $91.08 per share.
- Following the transaction, Saravia directly owns 17,080 shares of Class A Common Stock, which includes 8,505 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, potentially influencing the stock price slightly in the short term.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Sale of 1,684 shares of Class A Common Stock. |
| 05/20/2024 | Date of report filing. |
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