Form 4: Allegion Executive Jennifer Hawes Reports Stock Award Vesting and Tax Withholding

Jennifer Hawes, SVP Chief HR Officer at Allegion plc, reports the vesting of performance-based restricted stock units and subsequent tax withholding.

Summary

• On February 5, 2025, Jennifer Hawes, SVP Chief HR Officer of Allegion plc, reported a transaction involving ordinary shares.
• 382 ordinary shares were acquired through the vesting of performance-based restricted stock units (PSUs) granted in February 2022, which were earned based on performance certified by the Issuer's Compensation and Human Capital Committee.
• 129 shares were withheld by Allegion to cover tax withholding obligations upon the vesting of the PSUs at a price of $128.67.
• Following these transactions, Hawes directly owns 5,129 ordinary shares of Allegion plc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock vesting and tax withholding, indicating standard compensation practices are in place and performance targets were met.

Positives

• The vesting of PSUs indicates that performance targets were met, as certified by the Issuer's Compensation and Human Capital Committee.

Future Outlook

There is no future outlook information provided in this document.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity-based compensation of Allegion's executives.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Allegion to incentivize performance and align executive interests with shareholder value.
• Companies such as Assa Abloy, Stanley Black & Decker, and Fortune Brands Innovations also utilize similar equity-based compensation strategies for their executives.
• The vesting of PSUs based on performance metrics is a common approach to ensure that executives are rewarded for achieving specific company goals.

Stakeholder Impact

• Shareholders may view the vesting of PSUs positively, as it indicates that performance targets were met, potentially leading to increased shareholder value.
• Employees may see this as a positive sign, reflecting the company's commitment to rewarding performance.

Key Dates

Keywords

Allegion, Jennifer Hawes, PSUs, Stock Options, Vesting, Form 4, Tax Withholding, Ordinary Shares, SVP Chief HR Officer