Form 4: Mary Cunningham Boyce Receives Stock Grant from Altair Engineering Inc.

Director Mary Cunningham Boyce received a grant of 2,347 Class A Common Stock restricted stock units from Altair Engineering Inc. on May 8, 2024, which will vest on May 8, 2025.

Summary

• On May 8, 2024, Mary Cunningham Boyce, a director of Altair Engineering Inc., was granted 2,347 Class A Common Stock restricted stock units.
• These restricted stock units will vest on May 8, 2025.
• Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
• Following the transaction, Boyce beneficially owns 31,242 shares, including the unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) and doesn't contain any alarming information. It's a neutral to slightly positive event as it incentivizes a key member of the company.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period of one year suggests a commitment to the company's long-term success.

Industry Context

Stock grants are a common form of executive compensation in the tech industry, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across publicly traded companies, particularly in the technology sector.
• The size of the grant is likely determined by factors such as the director's role, company performance, and industry benchmarks.
• Comparing the grant to similar companies like Autodesk or Ansys would provide a better understanding of its relative value.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholders by aligning the director's interests with the company's performance.
• The grant incentivizes the director to contribute to the company's success, potentially benefiting employees and other stakeholders.

Key Dates