Form 4: Allegion Executive Ilardi Acquires Shares Through Performance-Based Vesting, Sells Shares for Tax Obligations

David S. Ilardi, SVP at Allegion Americas, acquired 3,045 ordinary shares through vested performance-based restricted stock units and sold 912 shares to cover tax withholding obligations on February 5, 2025.

Summary

• On February 5, 2025, David S. Ilardi, SVP Allegion Americas, acquired 3,045 ordinary shares of Allegion plc due to the vesting of performance-based restricted stock units (PSUs) granted in February 2022.
• The vesting was based on performance levels certified by the Issuer's Compensation and Human Capital Committee.
• Simultaneously, Ilardi disposed of 912 ordinary shares at a price of $128.67 to cover tax withholding obligations related to the PSU vesting.
• Following these transactions, Ilardi beneficially owns 8,238 ordinary shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports transactions related to executive compensation. The vesting of PSUs suggests performance targets were met, which is mildly positive, but the document itself is purely informational.

Positives

• The vesting of performance-based restricted stock units suggests that performance targets were met, which is a positive indicator for the company.

Future Outlook

There is no future outlook information provided in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't provide specific insights into Allegion's performance relative to its industry peers but reflects standard practices for aligning executive incentives with company performance.

Comparison to Industry Standards

• Executive compensation packages including performance-based equity are standard practice among publicly traded companies, including Allegion's competitors like Assa Abloy, Stanley Black & Decker, and Fortune Brands Home & Security.
• The vesting of PSUs based on performance metrics is a common method to incentivize executives to achieve specific company goals, such as revenue growth, profitability, or market share gains.
• The practice of withholding shares to cover tax obligations upon vesting is also a standard procedure to simplify tax reporting for executives.

Stakeholder Impact

• The vesting of PSUs and subsequent share transactions have a minor impact on shareholders, as it reflects the execution of the company's compensation plan.
• The transactions do not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Allegion, Ilardi, Performance-Based Restricted Stock Units, PSUs, Vesting, Tax Withholding, Form 4, Beneficial Ownership, Ordinary Shares