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 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 8, 2024, Gilma Saravia, the Chief People Officer of Altair Engineering Inc., sold 153 shares of Class A Common Stock.
- The sale was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a weighted average price of $84.3769, with individual prices ranging from $84.14 to $84.38 per share.
- Following the transaction, Saravia directly owns 18,764 shares of Class A Common Stock, which includes 8,505 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) with no clear positive or negative implications for the company's overall outlook.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction appears to be routine and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the stock sale transaction. |
| 05/10/2024 | Date of Raoul Maitra's signature as attorney-in-fact for Gilma Saravia. |
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