Form 4: Allegion Director Ellen Rubin Reports Share Disposal for Tax Obligations
SEC Form 4
Director Ellen Rubin disposed of 46 ordinary shares of Allegion plc on April 13, 2024, to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On April 13, 2024, Ellen Rubin, a director of Allegion plc, disposed of 46 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 $128.34 per share.
- Following the transaction, Rubin directly owns 1,132 ordinary shares of Allegion plc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant change in the director's confidence in the company.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/13/2024 | Date of transaction: Ellen Rubin disposed of 46 ordinary shares. |
| 04/16/2024 | Date of signature: Eric Gunning, Attorney-In-Fact, signed the Form 4 on behalf of Ellen Rubin. |
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