Form 4: Aspen Technology CEO Antonio Pietri Reports Stock Transfer to GRAT
SEC Form 4 Filing
Antonio Pietri, President and CEO of Aspen Technology, reported a gift of 3,831 shares of common stock and indirect ownership of 11,450 shares through a Grantor Retained Annuity Trust (GRAT) in a recent SEC filing.
Summary
- Antonio J Pietri, the President and CEO of Aspen Technology, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on February 27, 2025.
- Pietri gifted 3,831 shares of Aspen Technology common stock.
- Following the transaction, Pietri directly owns 171,876 shares of common stock.
- Pietri also indirectly owns 11,450 shares through a GRAT.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock ownership, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of stock transaction (gift of shares) |
| 03/03/2025 | Date of signature on the report |
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