Form 4: Ansys Director Jim Frankola Reports Stock Transaction
SEC Form 4 Filing
Director Jim Frankola of Ansys Inc. reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On May 12, 2024, Jim Frankola, a director of Ansys Inc., reported a transaction involving the disposition of 30 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $328.25 per share.
- Following the transaction, Frankola directly owns 3,008 shares of Ansys Inc. common stock and indirectly owns 600 shares held by a trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of a stock transaction by a company director, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of stock transaction (disposal of shares). |
| 05/13/2024 | Date of signature for the report. |
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