Form 4: Ansys Director Ronald Hovsepian Reports Stock Transaction
SEC Form 4 Filing
Director Ronald Hovsepian reports disposition of Ansys Inc. shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 12, 2024, Ronald W Hovsepian, a director of Ansys Inc., reported a transaction involving the disposition of 30 shares of common stock.
- The shares were withheld for payment of taxes related to the vesting of time-based Restricted Stock Units.
- The transaction price was $328.25 per share.
- Following the transaction, Hovsepian beneficially owns 33,539 shares of Ansys Inc., including 21,523 Deferred Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from the vesting of stock-based compensation.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of stock transaction (disposal of shares). |
| 05/13/2024 | Date of signature by Attorney-in-Fact. |
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