Form 4: Aspen Technology CEO Antonio Pietri Reports Stock Disposal
SEC Form 4 Filing
Antonio Pietri, President & CEO of Aspen Technology, disposed of 3,190 shares of common stock on March 29, 2024, to cover tax obligations.
Summary
- On March 29, 2024, Antonio J Pietri, the President and CEO of Aspen Technology, Inc. disposed of 3,190 shares of common stock.
- The disposal was executed at a price of $207.91 per share.
- The transaction was classified under transaction code 'F', indicating it was likely to cover tax obligations.
- Following the transaction, Pietri directly owns 158,347 shares of Aspen Technology common stock.
- Pietri also indirectly owns 20,500 shares through a GRAT (Grantor Retained Annuity Trust).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They are often related to compensation, tax planning, or portfolio diversification. The disposal of shares to cover tax obligations is a routine practice.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of stock disposal transaction |
| 04/02/2024 | Date of signature on the Form 4 filing |
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