Form 4: Allegion's Sr. VP & CFO, Michael J. Wagnes, Reports Transaction
SEC Form 4 Filing
Michael J. Wagnes, Sr. VP & CFO of Allegion plc, reports a transaction involving ordinary shares to cover tax withholding obligations.
Summary
- On February 24, 2024, Michael J. Wagnes, the Sr. VP & CFO of Allegion plc, reported a transaction involving the disposition of 317 ordinary shares.
- The shares were disposed of to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The transaction price was $128.68 per share.
- Following the transaction, Wagnes beneficially owns 17,213 ordinary shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction related to tax obligations.
Industry Context
This is a routine SEC Form 4 filing, which is standard practice when company insiders conduct transactions in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction: Disposition of 317 ordinary shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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