Form 4: PTC INC. Director Hanspal Amarpreet Reports Stock Disposal
SEC Form 4
Director Hanspal Amarpreet reported the disposal of 1,756 shares of PTC INC. common stock on April 1, 2024, following the vesting of restricted stock units.
Summary
- On April 1, 2024, Amarpreet Hanspal, a director of PTC INC., disposed of 1,756 shares of common stock.
- The disposal was related to the vesting of restricted stock units (RSUs) granted on April 1, 2022.
- The vested RSUs converted into 1,756 shares of common stock, which were then disposed of.
- Following the transaction, Hanspal directly owns 7,433 shares of PTC INC. common stock and 0 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company director, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | RSUs granted |
| 03/14/2022 | Power of attorney filed |
| 04/01/2024 | Transaction Date: Disposal of shares due to RSU vesting |
| 04/02/2024 | Date of Form 4 filing |
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