Form 4: Allegro Microsystems Executive Michael Doogue Reports Stock Transactions

Michael Doogue, SVP and CTO of Allegro Microsystems, reported the acquisition and disposal of company stock on November 18, 2024.

Summary

• Michael Doogue, a Senior Vice President and Chief Technology Officer at Allegro Microsystems, engaged in stock transactions on November 18, 2024.
• He disposed of 2,319 shares of common stock at a price of $19.24 per share to cover taxes related to vesting restricted stock units.
• He also acquired 15,000 shares of common stock at a price of $19 per share.
• Following these transactions, Mr. Doogue directly owns 62,404 shares and indirectly owns 246,086 shares through the Michael C. Doogue Revocable Trust of 2015.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are typical for executives who receive stock-based compensation and may sell shares to cover tax obligations.
• The reported transactions are similar to those of other executives in comparable technology companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive stock activity.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Allegro Microsystems, ALGM, stock transaction, insider trading, Form 4, Michael Doogue, executive stock, equity securities