Form 4: Allegro Microsystems Director Paul Schorr IV Acquires Shares Through Restricted Stock Units

Director Paul Schorr IV acquired 6,873 shares of Allegro Microsystems through a grant of Restricted Stock Units (RSUs) at a price of $26.92 per share.

Summary

• On August 8, 2024, Paul Schorr IV, a director of Allegro Microsystems, Inc., acquired 6,873 shares of common stock.
• The acquisition was through an award of Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of common stock.
• The price per share was $26.92.
• Following the transaction, Schorr directly owns 10,199 shares of Allegro Microsystems.
• The RSUs will vest on the date of the next annual meeting following the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of share acquisition by a director through RSUs. It doesn't inherently indicate positive or negative sentiment, but rather a routine corporate action.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The RSUs will vest on the date of the next annual meeting following the grant date, indicating a future event tied to the company's performance and governance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, engages in a transaction involving the company's securities. It provides transparency to the market regarding insider activity.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder confidence.

Next Steps

• The RSUs will vest on the date of the next annual meeting following the grant date.

Key Dates