Form 4: Aspen Technology CFO David John Baker Reports Acquisition of 4,002 Restricted Stock Units

David John Baker, SVP and CFO of Aspen Technology, Inc., reported the acquisition of 4,002 Restricted Stock Units (RSUs) on July 23, 2024.

Summary

• On July 23, 2024, David John Baker, the SVP and CFO of Aspen Technology, Inc., acquired 4,002 Restricted Stock Units (RSUs).
• These RSUs were granted with no consideration.
• The RSUs vest in 12 equal consecutive quarterly installments, starting with the quarter ending December 31, 2024.
• Following this transaction, Baker directly owns 6,078 shares of Aspen Technology, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The vesting of the RSUs is contingent upon continued service with the company.

Industry Context

Equity compensation is a common practice in the technology industry to attract and retain top talent.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to executives is a common practice among publicly traded companies, particularly in the technology sector, to align their interests with those of shareholders.
• Companies like Microsoft, Oracle, and SAP also utilize RSUs as part of their executive compensation packages.
• The vesting schedule of 12 equal consecutive quarterly installments is fairly standard, promoting long-term commitment.

Stakeholder Impact

• The RSU grant aligns the CFO's interests with shareholders, potentially driving long-term value creation.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership.

Key Dates