Form 4: Allegion PLC Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Kirk S Hachigian sold 485 ordinary shares of Allegion PLC on June 8, 2024, to cover tax withholding obligations upon the vesting of a restricted stock unit award.
Summary
- On June 8, 2024, Kirk S Hachigian, a director of Allegion PLC, disposed of 485 ordinary shares.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- The shares were sold at a price of $116.52 per share.
- Following the transaction, Hachigian directly owns 12,296 ordinary shares of Allegion PLC.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (covering tax obligations). It's a routine transaction and doesn't indicate any fundamental issues with the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company directors 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 sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/08/2024 | Date of the transaction: sale of 485 ordinary shares. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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