Form 4: Allegion's Sr. VP & CFO, Michael J. Wagnes, Exercises Stock Options
SEC Form 4 Filing
Michael J. Wagnes, Sr. VP & CFO of Allegion plc, exercised stock options to acquire 1,577 ordinary shares at $57.85 on February 28, 2025.
Summary
- On February 28, 2025, Michael J. Wagnes, the Senior Vice President and CFO of Allegion plc, exercised stock options.
- This transaction involved the acquisition of 1,577 ordinary shares at a price of $57.85 per share.
- Following the transaction, Wagnes directly owns 24,627 ordinary shares.
- The stock options were granted previously and vested in equal annual installments on February 16, 2017, February 16, 2018, and February 16, 2019, and are exercisable.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It is neutral in sentiment as it simply reports factual information.
Industry Context
This is a routine disclosure of insider transactions, which are common for executives holding stock options as part of their compensation packages. It provides transparency into management's actions regarding company stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting schedule and exercise price are typical components of such agreements.
- Similar companies like Assa Abloy or Stanley Black & Decker also utilize stock options as part of their executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2017 | First vesting date of the stock options in equal annual installments. |
| 02/16/2018 | Second vesting date of the stock options in equal annual installments. |
| 02/16/2019 | Third vesting date of the stock options in equal annual installments. |
| 02/16/2026 | Expiration date of the stock options. |
| 02/28/2025 | Date of the stock option exercise. |
| 03/04/2025 | Date of the signature on the Form 4 filing. |
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