Form 4: Allegro MicroSystems CEO Vineet Nargolwala Reports Stock Transaction
SEC Form 4 Filing
Vineet Nargolwala, President and CEO of Allegro MicroSystems, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On August 1, 2024, Vineet Nargolwala, the President and CEO of Allegro MicroSystems, Inc., disposed of 7,681 shares of common stock to cover taxes due upon the vesting of restricted stock units.
- The shares were disposed of at a price of $24.17 per share.
- Following the transaction, Nargolwala directly owns 351,113 shares of Allegro MicroSystems common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock transaction (disposal of shares). |
| 08/02/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.