Form 4: Aspen Technology CEO Antonio J. Pietri Reports Stock Disposal for Tax Obligations

Antonio J. Pietri, President and CEO of Aspen Technology, disposed of 4,763 shares of common stock on September 30, 2024, to cover tax withholding requirements.

Summary

• On September 30, 2024, Antonio J. Pietri, the President and CEO of Aspen Technology, Inc. [AZPN], disposed of 4,763 shares of common stock.
• The transaction was executed to satisfy statutory tax withholding requirements related to the vesting of Restricted Stock Units and stock distribution.
• The shares were sold at a price of $237.22 per share.
• Following the transaction, Pietri directly owns 178,903 shares of Aspen Technology common stock and indirectly owns 11,450 shares through a GRAT.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing related to stock transactions for tax purposes. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Disposals to cover tax obligations are common and generally not viewed negatively.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates