Form 4: Allegion plc: Officer Wagnes Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael J. Wagnes, a Senior VP & CFO at Allegion plc, disposed of 333 ordinary shares on February 24, 2025, to cover tax withholding obligations upon the vesting of a restricted stock unit award.
Summary
- This Form 4 filing reports a change in beneficial ownership of Allegion plc (ALLE) securities by Michael J. Wagnes, a Senior VP & CFO of the company.
- On February 24, 2025, Wagnes disposed of 333 ordinary shares at a price of $128.15 per share.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- Following the transaction, Wagnes directly owns 23,050 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This transaction is related to tax obligations on vested stock, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Wagnes disposed of 333 ordinary shares. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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