Form 4: Altair Engineering Inc. Executive Nelson Dias Reports Stock and Option Grants

Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., reports the grant of stock options and restricted stock units.

Summary

• On March 15, 2024, Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., was granted 15,375 Class A Common Stock restricted stock units.
• These restricted stock units vest in four equal annual installments starting March 15, 2025.
• On the same date, Dias was also granted 13,438 Class A Common Stock options with an exercise price of $79.03.
• These options also vest in four equal annual installments commencing March 15, 2025.
• Following these transactions, Dias beneficially owns 48,722 shares of Class A Common Stock, including 21,737 unvested restricted stock units, and 13,438 stock options.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting a stable and incentivized management structure. This is generally viewed positively.

Positives

• The grant of stock options and restricted stock units to the Chief Revenue Officer aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Stock grants and options are common forms of executive compensation in the tech industry, aligning management interests with shareholder value.

Comparison to Industry Standards

• Stock option grants are a typical component of executive compensation packages in the technology sector, similar to companies like Autodesk and Ansys.
• The vesting schedule of four equal annual installments is a standard practice to incentivize long-term performance, aligning with industry norms.

Stakeholder Impact

• The stock and option grants incentivize the Chief Revenue Officer to drive company performance, potentially benefiting shareholders.
• Employees may view the grants as a positive sign of the company's commitment to its leadership.

Key Dates