Form 4: Anil Chakravarthy of ANSYS INC Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Anil Chakravarthy, a director at ANSYS INC, reported disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 12, 2024, Anil Chakravarthy, a director of ANSYS INC, reported a transaction involving the disposal of 30 shares of common stock.
- The shares were disposed of to cover tax obligations related to the vesting of time-based Restricted Stock Units.
- The transaction was executed at a price of $328.25 per share.
- Following the transaction, Chakravarthy directly owns 2,472 shares of ANSYS INC common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of transaction: Disposal of shares for tax obligations. |
| 05/13/2024 | Date of signature for the report. |
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