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 a transaction involving the disposal of common stock to cover tax obligations.
Summary
- On June 28, 2024, Christopher Stagno, SVP and Chief Accounting Officer of Aspen Technology, Inc., disposed of 86 shares of common stock.
- The shares were disposed of at a price of $197.89 per share.
- This transaction was to satisfy minimum statutory tax withholding requirements on the vesting of Restricted Stock Units and distribution of stock.
- Following the transaction, Stagno directly owns 5,474 shares of Aspen Technology, Inc.
- The transaction was reported on July 2, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
This is a routine filing related to stock-based compensation and tax obligations, common for executives in publicly traded companies.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine procedure.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Disposal of 86 shares of common stock. |
| 07/02/2024 | Date of report filing. |
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