Form 4: Allegro MicroSystems Executive Stock Tax Withholding
Statement of Changes in Beneficial Ownership
SVP of Worldwide Sales Richard Madormo disposed of 5,439 shares of Allegro MicroSystems to cover tax obligations related to RSU vesting.
Summary
- Richard Madormo, SVP of Worldwide Sales at Allegro MicroSystems, Inc. (ALGM), reported the disposition of 5,439 shares of common stock.
- The transaction occurred on May 16, 2026, at a price of $43.10 per share.
- The shares were withheld by the company to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following this transaction, the reporting person maintains beneficial ownership of 74,687 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a mandatory administrative transaction related to tax obligations rather than a market-driven trade.
Positives
- The transaction was a routine administrative action related to tax obligations rather than a discretionary sale of equity.
- The reporting person retains a significant equity stake of 74,687 shares, indicating continued alignment with shareholder interests.
Negatives
- None; this is a standard tax-related withholding event.
Risks
- None; this filing pertains to internal tax compliance and does not reflect operational or market risks.
Future Outlook
No forward-looking guidance or strategic outlook provided in this filing.
Industry Context
StockSavvy.ai notes that tax-related share withholding is a standard corporate governance practice for executives receiving equity-based compensation and does not signal a change in management sentiment regarding the company's future performance.
Comparison to Industry Standards
- The transaction follows standard industry practices for executive compensation tax compliance among semiconductor and technology firms.
Stakeholder Impact
- No material impact on shareholders, employees, or creditors as this is a routine tax-related transaction.
Key Dates
| Date | Description |
|---|---|
| 2026-05-16 | Date of the transaction involving the withholding of shares for tax purposes. |
| 2026-05-19 | Date the Form 4 was signed and filed with the SEC. |
Keywords
ALGM, Allegro MicroSystems, Insider Trading, Form 4, Tax Withholding, Executive Compensation
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