Form 4: Ansys CEO Ajei Gopal Sells Shares to Cover Taxes on Vesting RSUs

Ansys CEO Ajei Gopal sold 1,134 shares of common stock on December 3, 2024, to cover taxes related to the vesting of restricted stock units.

Summary

• Ansys CEO Ajei Gopal sold 1,134 shares of common stock on December 3, 2024.
• The sale was executed to cover tax obligations arising from the vesting of time-based Restricted Stock Units (RSUs).
• The shares were sold at a price of $351.05 per share.
• Following the transaction, Mr. Gopal directly owns 292,809 shares of Ansys common stock.
• This total includes 27,284 Deferred Stock Units and 112,718 RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when RSUs vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly those who receive a significant portion of their compensation in stock options and restricted stock units.
• Companies like Autodesk, Cadence Design Systems, and Synopsys, which are Ansys's competitors, also see similar transactions from their executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Ansys, Ajei Gopal, stock sale, insider trading, RSU, restricted stock units, executive compensation, tax obligations