Form 4: Allegion PLC Executive John H. Stone Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
John H. Stone, President and CEO of Allegion PLC, disposed of 1,162 ordinary shares on February 24, 2024, to cover tax withholding obligations upon the vesting of a restricted stock unit award.
Summary
- On February 24, 2024, John H. Stone, President and CEO of Allegion PLC, disposed of 1,162 ordinary shares.
- The transaction was executed at a price of $128.68 per share.
- The disposal was to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- Following the transaction, Stone directly owns 113,640 ordinary shares of Allegion PLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions. It doesn't inherently convey positive or negative sentiment.
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 arising from vested stock awards, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction: Disposal of 1,162 ordinary shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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