Form 4: Allegion PLC: CEO John H. Stone Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
CEO John H. Stone disposed of 1,159 ordinary shares of Allegion PLC to cover tax withholding obligations upon the vesting of a restricted stock unit award.
Summary
- On February 24, 2025, John H. Stone, President and CEO of Allegion PLC, disposed of 1,159 ordinary shares.
- The shares were disposed of at a price of $128.15 per share.
- This transaction was to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- Following the transaction, Stone directly owns 129,775 ordinary shares of Allegion PLC.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes. It doesn't indicate any fundamental issues with the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
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 |
|---|---|
| 02/24/2025 | Date of transaction: Disposal of 1,159 ordinary shares. |
| 02/26/2025 | Date of signature by Attorney-in-Fact. |
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