Form 4: Aspen Technology SVP Christopher Stagno Reports Stock Transaction
SEC Form 4 Filing
Christopher Stagno, SVP, Interim CFO & CAO of Aspen Technology, Inc., reports the withholding of 103 common stock shares to cover tax obligations.
Summary
- On March 29, 2024, Christopher Stagno, SVP, Interim CFO & CAO of Aspen Technology, Inc., had 103 shares of common stock withheld by the company to satisfy minimum statutory tax withholding requirements.
- The shares were withheld at a price of $207.91 per share.
- Following the transaction, Stagno beneficially owns 5,560 shares of Aspen Technology, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of stock transaction (tax withholding) |
| 04/02/2024 | Date of signature on the Form 4 filing |
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