Form 4: Allegro MicroSystems CFO Executes Tax-Related Share Sale
Statement of Changes in Beneficial Ownership
Allegro MicroSystems EVP and CFO Derek D'Antilio disposed of 37,840 shares to satisfy tax obligations related to equity vesting.
Summary
- Derek D'Antilio, EVP, CFO & Treasurer of Allegro MicroSystems, Inc. (ALGM), reported the disposition of 37,840 shares of common stock.
- The transaction occurred on May 16, 2026, at a price of $43.10 per share.
- The shares were withheld by the company to cover tax liabilities associated with the vesting of restricted stock units (RSUs) and performance-vesting restricted stock units.
- Following this transaction, the reporting person maintains a direct beneficial ownership of 238,813 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax settlement rather than a strategic shift or discretionary insider trading.
Positives
- The transaction was a mandatory tax withholding event rather than a discretionary open-market sale, indicating no change in the executive's long-term confidence in the company.
Negatives
- Reduction in the total number of shares held directly by the CFO.
Risks
- None identified; this is a routine administrative transaction related to compensation tax obligations.
Future Outlook
No forward-looking guidance or strategic outlook provided in this filing.
Management Comments
- The filing notes that the shares were withheld to cover taxes due upon the vesting of restricted stock units and performance-vesting restricted stock units previously granted by the issuer.
Industry Context
StockSavvy.ai notes that tax-related share withholdings are standard corporate governance practices for executives at publicly traded technology firms, reflecting the vesting of equity-based compensation packages.
Comparison to Industry Standards
- The transaction aligns with standard executive compensation practices in the semiconductor industry, where equity vesting triggers automatic tax withholding events.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard tax-related equity settlement.
Next Steps
- None indicated.
Key Dates
| Date | Description |
|---|---|
| 2026-05-16 | Date of the reported transaction involving the withholding of shares for tax purposes. |
| 2026-05-19 | Date the Form 4 was signed and filed with the SEC. |
Keywords
ALGM, Allegro MicroSystems, Insider Trading, Form 4, CFO, Equity Vesting, Tax Withholding
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