Form 4: Allegion plc: SVP Chief Technology Officer, Vincent Wenos, Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Vincent Wenos, SVP Chief Technology Officer of Allegion plc, reports disposing of 97 ordinary shares to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On February 24, 2025, Vincent Wenos, SVP Chief Technology Officer of Allegion plc, disposed of 97 ordinary shares.
- The shares were disposed of to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The transaction was executed at a price of $128.15 per share.
- Following the transaction, Wenos directly owns 10,434 ordinary shares.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing (Form 4) detailing a common transaction (share disposal for tax obligations). It doesn't indicate any significant positive or negative developments for the company, hence a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
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
| Date | Description |
|---|---|
| 02/24/2025 | Date of the transaction: disposal of 97 ordinary shares. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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