Form 4: Allegion PLC: CEO John H. Stone Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
John H. Stone, President and CEO of Allegion PLC, disposed of 5,659 ordinary shares to cover tax withholding obligations on August 1, 2024.
Summary
- On August 1, 2024, John H. Stone, the President and CEO of Allegion PLC, disposed of 5,659 ordinary shares.
- The disposal 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 $135.37 per share.
- Following the transaction, Stone directly owns 112,981 ordinary shares of Allegion PLC.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of the stock disposal transaction. |
| 08/05/2024 | Date of signature for the Form 4 filing. |
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