Form 4: Allegion PLC Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey N. Braun, SVP, GC and Secretary of Allegion PLC, sold 225 ordinary shares on February 22, 2025, to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On February 22, 2025, Jeffrey N. Braun, SVP, GC and Secretary of Allegion PLC, disposed of 225 ordinary shares.
- The shares were sold at a price of $126.96 per share.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- Following the transaction, Braun directly owns 5,347 ordinary shares of Allegion PLC.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
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 |
|---|---|
| 02/22/2025 | Date of the transaction where 225 ordinary shares were disposed of. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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