Form 4: Allegion's CFO, Michael J. Wagnes, Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Michael J. Wagnes, Sr. VP & CFO of Allegion plc, reports disposing of 274 ordinary shares to cover tax withholding obligations upon vesting of a restricted stock unit award on February 22, 2025.
Summary
- On February 22, 2025, Michael J. Wagnes, the Senior VP & CFO of Allegion plc, disposed of 274 ordinary shares.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- The shares were sold at a price of $126.96 per share.
- Following the transaction, Wagnes directly owns 23,383 ordinary shares of Allegion plc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving equity compensation. There is nothing to suggest a negative outlook.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is a common occurrence where shares are sold to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 02/25/2025 | Date of signature by Attorney-in-Fact. |
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