Form 4: Altair Engineering Inc. Executive Nelson Dias Reports Stock Grant

Chief Revenue Officer Nelson Dias of Altair Engineering Inc. reports the grant of 9,509 Class A Common Stock restricted stock units.

Summary

• On February 14, 2025, Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., filed a Form 4 with the SEC.
• The filing reports that on February 12, 2025, Dias was granted 9,509 Class A Common Stock restricted stock units at a price of $0.
• These restricted stock units vest in four equal annual installments starting February 12, 2026.
• Following the reported transaction, Dias beneficially owns 57,946 shares of Class A Common Stock, which includes 30,952 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the company's future.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The vesting schedule suggests a commitment from the executive to remain with the company for at least four years.

Industry Context

Stock grants are a common form of executive compensation in the tech industry, used to attract and retain talent and align their interests with shareholder value.

Comparison to Industry Standards

• Comparing the size of the grant to similar companies and executive roles would require further data on Altair's compensation practices and industry benchmarks.
• Companies like Ansys (ANSS) and Autodesk (ADSK) also use stock grants as part of their executive compensation packages.

Stakeholder Impact

• The stock grant could have a slightly dilutive effect on existing shareholders, but it also incentivizes the executive to improve company performance, which could benefit shareholders in the long run.

Key Dates