Form 4: Allegion Director Ellen Rubin Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Ellen Rubin disposed of 294 ordinary shares of Allegion plc to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On June 8, 2024, Ellen Rubin, a director of Allegion plc, disposed of 294 ordinary shares.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- The shares were disposed of at a price of $116.52 per share.
- Following the transaction, Rubin directly owns 1,943 ordinary shares of Allegion plc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the vesting of stock units.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/08/2024 | Date of transaction: disposal of 294 ordinary shares. |
| 06/11/2024 | Date of signature by Attorney-In-Fact. |
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