Form 4: Aspen Technology Executive Christopher Stagno Reports Stock Transaction
SEC Form 4 Filing
Christopher Stagno, CVP and Chief Accounting Officer of Aspen Technology, Inc., reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On October 23, 2024, Christopher Stagno, the CVP and Chief Accounting Officer of Aspen Technology, Inc. (AZPN), reported a transaction on SEC Form 4.
- The transaction involved the withholding of 185 shares of common stock at a price of $237.25 to satisfy minimum statutory tax withholding requirements on the vesting of Restricted Stock Units.
- Following the transaction, Stagno beneficially owns 5,893 shares of Aspen Technology, Inc.
- The report was filed on October 25, 2024, by Christopher A. Cooper, attorney-in-fact for Mr. Stagno.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to stock transactions by a company executive. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Date of the stock transaction (withholding of shares). |
| 10/25/2024 | Date the SEC Form 4 was filed. |
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