Form 4: Allegion PLC Executive Robert C. Martens Reports Stock Transactions
SEC Form 4
Robert C. Martens, SVP Chief Innovation & Design at Allegion plc, reports the exercise of stock options and subsequent sale of shares on October 25, 2024.
Summary
- Robert C. Martens, a Senior Vice President at Allegion plc, filed a Form 4 detailing changes in beneficial ownership of the company's ordinary shares.
- On October 25, 2024, Martens exercised stock options to acquire 3,904 shares at $129.33, 2,769 shares at $115.34 and 1,362 shares at $112.59.
- Simultaneously, Martens sold 8,035 shares at a weighted average price of $144.92.
- Following these transactions, Martens directly owns 7,104 ordinary shares.
- Martens also holds derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of Power of Attorney execution by Robert C. Martens |
| 10/25/2024 | Date of stock option exercise and share sale transactions |
| 10/29/2024 | Date of Form 4 filing |
| 02/20/2030 | Expiration date of one of the stock option grants |
| 02/17/2032 | Expiration date of one of the stock option grants |
| 02/24/2033 | Expiration date of one of the stock option grants |
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