Form 4: Allegro MicroSystems Executive Sharon Briansky Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sharon Briansky, SVP, GC and Secretary of Allegro MicroSystems, disposed of 1,929 shares of common stock on June 3, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On June 3, 2024, Sharon Briansky, SVP, GC and Secretary of Allegro MicroSystems, disposed of 1,929 shares of common stock.
- The shares were withheld to cover taxes due upon the vesting of restricted stock units previously granted by the Issuer.
- The transaction was executed at a price of $29.27 per share.
- Following the transaction, Briansky directly owns 82,057 shares of Allegro MicroSystems common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock disposal transaction |
| 06/04/2024 | Date of signature for the Form 4 filing |
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