Form 4: Aspen Technology SVP, Chief Legal Officer Mark Mouritsen Reports Changes in Beneficial Ownership

Mark Mouritsen, SVP, Chief Legal Officer of Aspen Technology, reports changes in beneficial ownership of company stock due to tax withholding and stock purchase plan acquisition.

Summary

• On June 28, 2024, Mark Mouritsen, SVP, Chief Legal Officer of Aspen Technology, Inc., reported changes in beneficial ownership of the company's common stock.
• 207 shares were disposed of to satisfy tax withholding requirements related to the vesting of Restricted Stock Units at a price of $197.89 per share.
• Mouritsen also acquired 40 shares under the Aspen Technology, Inc. 2022 Employee Stock Purchase Plan on the same date.
• Following these transactions, Mouritsen beneficially owns 11,911 shares of Aspen Technology common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• Mouritsen's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates