Form 4: Altair Engineering Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., sold 373 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2025, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc., sold 373 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, Dias beneficially owns 57,573 shares, which includes 30,002 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares for tax obligations) by an executive, which is neither particularly positive nor negative.
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 the company's financial health or future prospects.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Nelson Dias sold shares of Class A Common Stock. |
| 02/27/2025 | Date of signature on the SEC Form 4 filing. |
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