Form 4: Allegro Microsystems Director, Yoshihiro Suzuki, Receives Stock Award

Director Yoshihiro Suzuki of Allegro Microsystems, Inc. was granted 6,873 shares of common stock on August 8, 2024, at a price of $26.92 per share.

Summary

• On August 8, 2024, Yoshihiro Suzuki, a director of Allegro Microsystems, Inc., acquired 6,873 shares of common stock.
• The acquisition was in the form of Restricted Stock Units (RSUs), with each RSU representing a contingent right to receive one share of common stock.
• The price per share was $26.92.
• These RSUs will vest on the date of the next annual meeting following the grant date.
• Following the transaction, Suzuki directly owns 207,628 shares of Allegro Microsystems, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a stock award to a director, which is neither overwhelmingly positive nor negative.

Positives

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

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

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining investor confidence in the market.

Comparison to Industry Standards

• Stock awards to directors are a common practice in publicly traded companies as a form of compensation and incentive.
• The size of the award (6,873 shares) should be compared to similar awards given to directors in comparable companies within the semiconductor industry to assess its relative significance.
• Companies like Texas Instruments (TXN), Analog Devices (ADI), and Microchip Technology (MCHP) also use stock awards as part of their director compensation packages.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the compensation and ownership stake of a key company director.

Next Steps

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

Key Dates