Form 4: Allegion SVP David S. Ilardi Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David S. Ilardi, SVP of Allegion Americas, disposed of 158 ordinary shares to cover tax withholding obligations upon vesting of a restricted stock unit award.
Summary
- On February 24, 2024, David S. Ilardi, SVP of Allegion Americas, disposed of 158 ordinary shares of Allegion plc.
- The transaction was executed to cover tax withholding obligations related to the vesting of a restricted stock unit award.
- The price per share was $128.68.
- Following the transaction, Ilardi directly owns 6,105 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
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