Form 4: Aspen Technology CEO Antonio Pietri Reports Stock Transactions
SEC Form 4 Filing
Antonio Pietri, President & CEO of Aspen Technology, reports disposition of shares to cover tax obligations and acquisition of shares through an employee stock purchase plan.
Summary
- On June 28, 2024, Antonio Pietri, the President & CEO of Aspen Technology, Inc., reported a transaction involving the disposition of 3,844 shares of common stock to satisfy tax withholding requirements at a price of $197.89 per share.
- Following this transaction, Pietri directly owns 149,797 shares of common stock, which includes 56 shares acquired on June 28, 2024, under the Aspen Technology, Inc. 2022 Employee Stock Purchase Plan.
- Pietri also indirectly owns 20,500 shares through a GRAT (Grantor Retained Annuity Trust).
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations and employee stock purchase plan participation.
Positives
- Pietri's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock disposition for tax withholding and acquisition through employee stock purchase plan. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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