Form 4: Allegion plc Executive Robert C. Martens Reports Stock Disposal for Tax Obligations
SEC Form 4
Robert C. Martens, SVP Chief Innovation & Design at Allegion plc, disposed of 98 ordinary shares on February 17, 2025, to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- This Form 4 filing reports a change in beneficial ownership of Allegion plc (ALLE) stock by Robert C. Martens, an officer of the company.
- On February 17, 2025, Martens disposed of 98 ordinary shares at a price of $133.505 per share.
- The disposal was to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- Following the transaction, Martens directly owns 8,682 ordinary shares of Allegion plc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are sold to cover tax obligations related to vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 02/17/2025 | Date of the stock disposal transaction. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Allegion plc, ALLE, Robert C. Martens, Stock Disposal, Tax Withholding, Restricted Stock Unit
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.