Form 4: Allegion Executive Robert C. Martens Reports Stock Transaction
SEC Form 4 Filing
Robert C. Martens, SVP Chief Innovation & Design at Allegion plc, reports disposition of shares to cover tax obligations.
Summary
- On February 24, 2024, Robert C. Martens, SVP Chief Innovation & Design at Allegion plc, reported a transaction involving ordinary shares.
- The transaction involved the disposition of 1,555 shares at a price of $128.68 per share to cover tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Martens directly owns 7,104 ordinary shares of Allegion plc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of the stock transaction (disposal of shares). |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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