Form 4: Allegro Microsystems EVP, CFO & Treasurer Derek D'Antilio Reports Acquisition of 21,295 Shares

Derek D'Antilio, EVP, CFO & Treasurer of Allegro Microsystems, reports the acquisition of 21,295 shares of common stock following the vesting of performance-based restricted stock units.

Summary

• On May 13, 2025, Derek D'Antilio, EVP, CFO & Treasurer of Allegro Microsystems, reported a transaction involving the acquisition of 21,295 shares of common stock.
• These shares were acquired as a result of the vesting of performance-vesting restricted stock units (PSUs).
• The PSUs were granted on May 16, 2022, and June 11, 2024, and were contingent upon the Issuer's attainment of certain performance objectives between one and three fiscal years.
• The Compensation Committee of the Issuer's Board of Directors determined on May 13, 2025, that the performance objective goals of the PSUs for the period ending March 28, 2025, had been met for the aggregate number of shares shown.
• Following certification, the awards remain subject to the time-based vesting conditions, with the amount shown scheduled to vest in full on May 16, 2025.
• Following the reported transaction, D'Antilio beneficially owns 209,392 shares of Allegro Microsystems common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of PSUs suggests the company met its performance targets, which is a positive signal. The insider's increased ownership aligns interests with shareholders.

Positives

• The vesting of performance-based restricted stock units indicates that Allegro Microsystems achieved certain performance objectives.
• Derek D'Antilio's increased stake in the company aligns his interests with those of other shareholders.

Future Outlook

The remaining unvested amounts under the PSUs are scheduled to vest in full on May 16, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that a key executive's compensation is tied to the company's performance, aligning management's interests with shareholders.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards like PSUs to incentivize executives to achieve specific financial or strategic goals.
• The vesting of these awards is typically tied to metrics such as revenue growth, profitability, or stock price appreciation, similar to practices observed at comparable companies like Texas Instruments (TXN) or Analog Devices (ADI).

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that the company is achieving its performance goals.
• Employees may be motivated by the fact that executive compensation is tied to company performance.

Key Dates

Keywords

Allegro Microsystems, ALGM, Derek D'Antilio, Form 4, Beneficial Ownership, Performance Stock Units, Vesting