Form 4: Ansys SVP, Products, Shane Emswiler Reports Stock Transactions
SEC Form 4 Filing
Shane Emswiler, SVP of Products at Ansys Inc., reports acquisition and disposal of common stock related to performance-based restricted stock units (RSUs).
Summary
- Shane Emswiler, SVP of Products at Ansys Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 12, 2025, Emswiler acquired 4,330 shares of common stock upon vesting and settlement of Performance Restricted Stock Units (RSUs) granted on March 3, 2022, with performance results certified at 200% of target for the three-year period ending December 31, 2024.
- He also acquired 5,200 Performance RSUs granted on March 3, 2023, with performance results certified at 200% of target for the annual period ending December 31, 2024; these RSUs will settle on December 31, 2025, subject to continued employment.
- 5,225 shares were withheld for payment of taxes related to the earning and/or vesting and settlement of certain Performance RSUs.
- Following these transactions, Emswiler directly owns 37,678 shares of common stock and indirectly owns 19,330 shares held by a trust.
- The direct holdings include 33,559 RSUs.
Sentiment
Score: 7
Explanation: The sentiment is positive due to the vesting of performance-based RSUs at 200% of target, indicating strong company performance. However, the tax withholding and dependence on continued employment introduce minor negative aspects.
Positives
- The vesting of Performance RSUs at 200% of target suggests strong performance by Ansys Inc. over the performance periods.
Risks
- The future settlement of 5,200 Performance RSUs is contingent on Emswiler's continued employment, creating a potential risk if employment terminates before December 31, 2025.
Future Outlook
The earned Performance RSUs from the March 3, 2023 grant will settle at the end of the performance period on December 31, 2025, upon certification by the Compensation Committee and subject to continued employment.
Industry Context
This filing reflects standard executive compensation practices within publicly traded companies, utilizing performance-based equity awards to align executive incentives with company performance. The vesting of RSUs at 200% of target suggests Ansys is meeting or exceeding its performance goals.
Comparison to Industry Standards
- Companies like Autodesk, Siemens, and Dassault Systèmes also use performance-based equity compensation for their executives.
- The specific performance metrics and vesting schedules vary, but the general principle of linking executive pay to company performance is common.
- A 200% achievement of performance targets is a strong indicator of success, and would likely place Ansys in the upper quartile of companies using similar compensation structures.
Stakeholder Impact
- Shareholders may view the vesting of RSUs at 200% of target as a positive sign of company performance.
- Employees may be motivated by the achievement of performance targets and the resulting executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2022 | Date of grant for Performance Restricted Stock Units (RSUs) that vested on 02/12/2025. |
| 12/31/2024 | End of the three-year performance period for the RSUs granted on March 3, 2022, with performance certified at 200% of target. |
| 03/03/2023 | Date of grant for Performance Restricted Stock Units (RSUs) that will settle on 12/31/2025. |
| 12/31/2024 | End of the annual performance period for the RSUs granted on March 3, 2023, with performance certified at 200% of target. |
| 02/12/2025 | Transaction date for the acquisition and disposal of Ansys Inc. common stock. |
| 02/14/2025 | Date of signature for the Form 4 filing. |
| 12/31/2025 | Date of settlement for the Performance RSUs granted on March 3, 2023, subject to continued employment. |
Keywords
Form 4, Beneficial Ownership, ANSYS, ANSS, Emswiler, Performance RSU, Stock Options, Securities
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