Form 4: Aspen Technology SVP Christopher Stagno Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher Stagno, SVP and Chief Accounting Officer of Aspen Technology, Inc., reports the disposal of 106 shares of common stock to cover tax obligations.
Summary
- On September 30, 2024, Christopher Stagno, SVP and Chief Accounting Officer of Aspen Technology, Inc., disposed of 106 shares of common stock.
- The shares were withheld by the company to satisfy minimum statutory tax withholding requirements on the vesting of Restricted Stock Units.
- The transaction was executed at a price of $237.22 per share.
- Following the transaction, Mr. Stagno beneficially owns 6,078 shares of Aspen Technology, Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Disposal of 106 shares of common stock. |
| 10/02/2024 | Date of signature on the report. |
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