Form 4: Allegro MicroSystems SVP, CAO Roald Graham Webster Reports Stock Transactions
SEC Form 4
Roald Graham Webster, SVP, CAO of Allegro MicroSystems, reports acquisition and disposal of company stock and derivative securities.
Summary
- On May 15, 2024, Roald Graham Webster, SVP, CAO of Allegro MicroSystems, acquired 787 shares of common stock related to performance-vesting restricted stock units (PSUs) at $0.
- He also acquired 5,017 shares of common stock related to restricted stock units (RSUs) at $0 on the same day.
- On May 16, 2024, Webster disposed of 3,113 shares of common stock at $29.75 to cover taxes due upon the vesting of PSUs and RSUs.
- Following these transactions, Webster beneficially owns 14,227 shares of Allegro MicroSystems common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transactions are routine and related to compensation and tax obligations.
Positives
- The acquisition of shares indicates confidence in the company's performance and future prospects.
Negatives
- The disposal of shares to cover taxes reduces Webster's overall holdings, although this is a common practice.
Future Outlook
The remaining amounts of the PSU award are scheduled to vest in part on May 16, 2025 and May 16, 2026, as applicable. The RSUs will vest in two equal annual installments beginning on May 16, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| May 15, 2023 | Reporting Person was granted an award of performance-vesting restricted stock units (PSUs). |
| March 29, 2024 | End of the period for which the Compensation Committee determined that the performance objective goals of the PSUs had been met. |
| May 15, 2024 | Acquisition of 787 shares of common stock related to PSUs and 5,017 shares related to RSUs. |
| May 16, 2024 | Disposal of 3,113 shares to cover taxes; a portion of the PSU award vested. |
| May 16, 2025 | Scheduled vesting of a portion of the PSU award and the first installment of the RSU award. |
| May 16, 2026 | Scheduled vesting of the remaining amounts of the PSU award. |
| 05/17/2024 | Date of signature of the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.