4/A: Aspen Technology CFO David John Baker Reports Changes in Beneficial Ownership

David John Baker, SVP and CFO of Aspen Technology, filed an amended Form 4 detailing changes in his beneficial ownership of the company's stock due to restricted stock unit transactions and tax withholding.

Summary

• David John Baker, the SVP and CFO of Aspen Technology, filed an amended Form 4 with the SEC.
• The form reports changes in his beneficial ownership of Aspen Technology common stock.
• On September 3, 2024, Baker acquired 3,900 restricted stock units (RSUs) and disposed of 9,978 shares.
• Also on September 3, 2024, he acquired 2,837 fully vested RSUs and disposed of 12,815 shares.
• On September 10, 2024, 832 shares were disposed of at a price of $234.14 to cover tax withholding requirements.
• Following these transactions, Baker beneficially owns 11,983 shares of Aspen Technology common stock.
• The RSUs vest in 12 equal quarterly installments starting September 30, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units vest in 12 equal consecutive quarterly installments on the last business day of the quarter beginning with the quarter ending September 30, 2024.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing reflects standard compensation practices involving restricted stock units.

Key Dates