Form 4: Aspen Technology CFO David John Baker Reports Stock Transaction
SEC Form 4 Filing
David John Baker, SVP and CFO of Aspen Technology, Inc., reports the disposal of 147 shares of common stock to cover tax obligations.
Summary
- On September 30, 2024, David John Baker, the SVP and Chief Financial Officer of Aspen Technology, Inc., disposed of 147 shares of common stock.
- The transaction was executed to satisfy minimum statutory tax withholding requirements on the vesting of Restricted Stock Units and distribution of stock.
- The price per share was $237.22.
- Following the transaction, Baker beneficially owns 11,836 shares of Aspen Technology, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of stock transaction |
| 10/02/2024 | Date of signature on the report |
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