Form 4: Allegion Director Dean I. Schaffer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Director Dean I. Schaffer disposed of 327 ordinary shares of Allegion plc to cover tax withholding obligations related to a restricted stock unit award.
Summary
- On June 6, 2024, Dean I. Schaffer, a director of Allegion plc, disposed of 327 ordinary shares.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The shares were disposed of at a price of $117.695 per share.
- Following the transaction, Schaffer directly owns 9,700 ordinary shares of Allegion plc.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Disposal of 327 ordinary shares. |
| 06/10/2024 | Date of signature on the report. |
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