Form 4: Allegion PLC Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nickolas A. Musial, VP, Controller & CAO of Allegion PLC, disposed of 98 ordinary shares to cover tax withholding obligations on February 24, 2024.
Summary
- On February 24, 2024, Nickolas A. Musial, VP, Controller & CAO of Allegion PLC, disposed of 98 ordinary shares.
- The shares were sold at a price of $128.68 per share.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- Following the transaction, Musial directly owns 4,758 ordinary shares of Allegion PLC.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (tax-related stock sale) with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction: Nickolas A. Musial disposed of 98 ordinary shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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