Form 4: Altair Engineering Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gilma Saravia, Chief People Officer of Altair Engineering Inc., sold 243 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2025, Gilma Saravia, the Chief People Officer of Altair Engineering Inc., sold 243 shares of Class A Common Stock.
- The sale was executed at a price of $111.53 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Saravia directly owns 22,786 shares, which includes 13,586 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares for tax obligations). It's neutral in sentiment as it doesn't indicate any significant positive or negative developments for the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock sale transaction |
| 02/27/2025 | Date of signature on the Form 4 filing |
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