Form 4: Allegro MicroSystems CEO Michael Doogue Reports Stock Transactions
SEC Form 4 Filing
Michael Doogue, President and CEO of Allegro MicroSystems, reports the acquisition and disposal of company stock, including the grant of restricted stock units and shares withheld for tax obligations.
Summary
- On May 15, 2025, Michael Doogue, President and CEO of Allegro MicroSystems, was granted 150,226 Restricted Stock Units (RSUs) at a price of $0.
- These RSUs represent a contingent right to receive one share of common stock each and will vest in three equal annual installments starting May 16, 2026.
- On May 16, 2025, 21,730 shares of common stock were disposed of at a price of $27.51 to cover taxes due upon the vesting of performance-vesting restricted stock units and RSUs previously granted.
- Following these transactions, Doogue directly owns 215,549 shares of common stock and indirectly owns 246,086 shares through the Michael C. Doogue Revocable Trust of 2015.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The grant of RSUs to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
Future Outlook
The RSUs will vest in three equal annual installments beginning on May 16, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the executive's stake in the company.
Stakeholder Impact
- Shareholders are informed about the CEO's stock ownership and transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Grant date of 150,226 Restricted Stock Units (RSUs). |
| 05/16/2025 | Disposal of 21,730 shares to cover tax obligations. |
| 05/16/2026 | First vesting date for the granted RSUs. |
| 05/19/2025 | Date of the form filing. |
Keywords
Allegro MicroSystems, ALGM, Michael Doogue, Restricted Stock Units, RSUs, Stock Transactions, Beneficial Ownership, Form 4, SEC Filing
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