4/A: Altair Engineering Inc. Executive Saravia Reports Stock Sale to Cover Tax Obligations
SEC Form 4/A
Gilma Saravia, Chief People Officer of Altair Engineering Inc., sold 425 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, Gilma Saravia, the Chief People Officer of Altair Engineering Inc., sold 425 shares of Class A Common Stock at a price of $111.3.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Saravia directly owns 22,097 shares of Class A Common Stock, which includes 11,194 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock valuation.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of stock sale transaction. |
| 03/19/2025 | Date of original filing (amendment). |
| 03/19/2025 | Date of signature for the report. |
Keywords
Form 4, Altair Engineering Inc., ALTR, Saravia, Stock Sale, Tax Obligations, Restricted Stock Units, Chief People Officer
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