Form 4: Aspen Technology SVP, Chief Accounting Officer, Christopher Stagno, Reports Changes in Beneficial Ownership

Christopher Stagno, SVP, Chief Accounting Officer of Aspen Technology, Inc., reports acquisition and disposal of securities in a Form 4 filing.

Summary

• Christopher Stagno, the SVP, Chief Accounting Officer of Aspen Technology, Inc., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Aspen Technology, Inc. securities.
• On September 3, 2024, Stagno acquired 710 shares of common stock at $0 and disposed of 6,184 shares.
• Following the reported transactions, Stagno beneficially owns 6,184 shares of common stock.
• Stagno also received Restricted Stock Units (RSUs) that vest in 12 equal quarterly installments starting September 30, 2024.
• Each RSU represents a contingent right to receive one share of Aspen Technology, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by a company officer. It doesn't inherently indicate 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 standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates