Form 4: Allegro MicroSystems Executive Acquires Shares Following Performance Goal Achievement
SEC Form 4 Filing
Roald Graham Webster, VP and Chief Accounting Officer of Allegro MicroSystems, acquired 1,002 shares of common stock after performance objectives for restricted stock units were met.
Summary
- Roald Graham Webster, VP, Chief Accounting Officer of Allegro MicroSystems, filed a Form 4.
- On May 13, 2025, Webster acquired 1,002 shares of common stock at $0.
- This acquisition was related to performance-vesting restricted stock units (PSUs) granted on June 11, 2024.
- The PSUs were subject to Allegro MicroSystems' performance objectives for the 2025 fiscal year.
- The Compensation Committee determined that the performance goals for the period ending March 28, 2025, were met for the specified number of shares.
- The award remains subject to time-based vesting conditions and is scheduled to vest in full on May 16, 2025.
- Following the transaction, Webster beneficially owns 20,749 shares of common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard insider transaction disclosure related to pre-existing compensation plans. The achievement of performance goals is a slightly positive indicator.
Positives
- The vesting of PSUs indicates that Allegro MicroSystems achieved its performance objectives for the specified period.
- The executive's increased stake in the company could be seen as a sign of confidence in its future performance.
Future Outlook
The acquired shares are scheduled to vest fully on May 16, 2025, subject to time-based vesting conditions.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are used by investors to gauge sentiment and potential future performance.
Stakeholder Impact
- Shareholders may view the executive's increased stake as a positive sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| June 11, 2024 | Reporting Person was granted an award of performance-vesting restricted stock units (the 'PSUs'). |
| March 28, 2025 | End of period for performance objective goals of the PSUs. |
| May 13, 2025 | Transaction date: Roald Graham Webster acquired 1,002 shares of common stock. |
| May 14, 2025 | Date of signature for the Form 4 filing. |
| May 16, 2025 | PSUs are scheduled to vest in full in the form of common stock. |
Keywords
Form 4, insider trading, Roald Graham Webster, Allegro MicroSystems, ALGM, stock acquisition, performance-vesting restricted stock units, PSUs, Compensation Committee, executive compensation
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