Form 4: Allegro MicroSystems CEO Vineet Nargolwala Reports Stock Transaction
SEC Form 4 Filing
Vineet Nargolwala, President and CEO of Allegro MicroSystems, reports the disposal of shares to cover taxes due upon the vesting of restricted stock units.
Summary
- On June 13, 2024, Vineet Nargolwala, the President and CEO of Allegro MicroSystems, Inc. (ALGM), disposed of 36,066 shares of common stock.
- The transaction was executed to cover taxes due upon the vesting of restricted stock units.
- The shares were disposed of at a price of $29.12 per share.
- Following the transaction, Nargolwala directly owns 358,794 shares of Allegro MicroSystems common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations on vested stock units. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of stock disposal transaction. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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