Form 4: Allegion plc: SVP and GC Jeffrey N. Braun Reports Share Disposal for Tax Obligations

Jeffrey N. Braun, SVP and General Counsel of Allegion plc, disposed of 160 ordinary shares on February 24, 2024, to cover tax withholding obligations upon vesting of a restricted stock unit award.

Summary

• On February 24, 2024, Jeffrey N. Braun, the SVP and General Counsel of Allegion plc, disposed of 160 ordinary shares.
• The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
• The shares were disposed of at a price of $128.68 per share.
• Following the transaction, Braun directly owns 11,124 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates