Form 4: Aspen Technology SVP, Chief Legal Officer Reports Stock Disposal for Tax Obligations

Mark Edgar Mouritsen, SVP, Chief Legal Officer of Aspen Technology, Inc., disposed of 217 shares of common stock on March 29, 2024, to cover tax withholding requirements.

Summary

• On March 29, 2024, Mark Edgar Mouritsen, the SVP, Chief Legal Officer of Aspen Technology, Inc. [AZPN], disposed of 217 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 shares were disposed of at a price of $207.91 per share.
• Following the transaction, Mouritsen directly owns 12,118 shares of Aspen Technology, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard tax obligations; it doesn't inherently indicate positive or negative sentiment about the company's performance.

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 transaction has a minimal impact on shareholders as it involves a small number of shares disposed of to cover tax obligations.

Key Dates