Form 4: Allegion plc Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Tracy L. Kemp, SVP-Chief Info. & Digital Ofr. of Allegion plc, sold 92 ordinary shares to cover tax withholding obligations on February 22, 2025.
Summary
- On February 22, 2025, Tracy L. Kemp, SVP-Chief Info. & Digital Ofr. of Allegion plc, disposed of 92 ordinary shares.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The shares were sold at a price of $126.96 per share.
- Following the transaction, Kemp directly owns 12,402 ordinary shares of Allegion plc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant impact on the company's outlook.
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 has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of transaction: Sale of 92 ordinary shares. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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