Form 4: Allegion Director Steven Mizell Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Steven Mizell of Allegion plc reports disposing of 294 ordinary shares to cover tax withholding obligations on a restricted stock unit vesting.
Summary
- On June 8, 2024, Steven Mizell, 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, Mizell directly owns 4,532 ordinary shares of Allegion plc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations. It's a standard procedure and doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover 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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