Form 4: Autodesk EVP Ruth Ann Keene Reports Stock Transactions

Ruth Ann Keene, EVP, Corp Affairs, CLO of Autodesk, Inc., reports stock transactions including the withholding of shares for taxes and the earning of shares based on Performance Stock Unit attainment.

Summary

• On March 26, 2024, Ruth Ann Keene, EVP, Corp Affairs, CLO of Autodesk, Inc., reported several transactions involving common stock.
• 2,357 shares were withheld to cover taxes at a price of $261.57 per share.
• Additionally, 7,129 shares were acquired based on the attainment of Performance Stock Unit (PSU) awards.
• Another 1,083 shares were withheld to cover taxes at a price of $261.57 per share.
• Following these transactions, Keene beneficially owns 70,345 shares of Autodesk common stock, which includes 7,282 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. The vesting of PSUs is a slightly positive indicator of performance.

Positives

• The vesting of Performance Stock Units indicates that performance targets were met, which is a positive signal.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates routine transactions related to compensation and tax obligations.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies, ensuring transparency of insider transactions.
• Companies like Adobe (ADBE) and Dassault Systèmes (DASTY) also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates