Form 4: Allegion plc Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David S. Ilardi, SVP of Allegion Americas, disposed of 157 ordinary shares to cover tax withholding obligations upon the vesting of a restricted stock unit award.
Summary
- On February 24, 2025, David S. Ilardi, SVP of Allegion Americas, disposed of 157 ordinary shares of Allegion plc.
- 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 $128.15 per share.
- Following the transaction, Ilardi directly owns 9,625 ordinary shares of Allegion plc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment.
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 stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Disposal of ordinary shares. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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.