Form 4: Aspen Technology CEO Antonio Pietri Reports Stock Disposal and Beneficial Ownership Changes
SEC Form 4 Filing
Antonio Pietri, President & CEO of Aspen Technology, reports the disposal of 4,762 shares of common stock and changes in beneficial ownership, including shares held directly and indirectly through a GRAT.
Summary
- On May 30, 2024, Antonio J Pietri, the President & CEO of Aspen Technology, Inc. [AZPN], reported changes in his beneficial ownership of the company's stock.
- He disposed of 4,762 shares of common stock at a price of $0.
- Following the transaction, Pietri directly owns 153,585 shares of common stock.
- He also indirectly owns 20,500 shares through a Grantor Retained Annuity Trust (GRAT).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- Shareholders are informed about the insider transactions of the company's CEO.
Key Dates
| Date | Description |
|---|---|
| 05/30/2024 | Date of stock disposal transaction |
| 06/03/2024 | Date of signature for the report |
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