Form 4: Allegro MicroSystems SVP, CFO & Treasurer Derek D'Antilio Reports Changes in Beneficial Ownership

Derek D'Antilio, SVP, CFO & Treasurer of Allegro MicroSystems, reports acquisition of restricted stock units and changes in beneficial ownership.

Summary

• On June 11, 2024, Derek D'Antilio, SVP, CFO & Treasurer of Allegro MicroSystems, reported changes in beneficial ownership.
• D'Antilio acquired 34,495 Restricted Stock Units (RSUs) at a price of $0.
• These RSUs represent a contingent right to receive one share of common stock each.
• The RSUs will vest in three equal annual installments starting on May 16, 2025.
• Following the reported transaction, D'Antilio beneficially owns 167,426 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of RSUs by a key executive signals confidence in the company's future performance.

Future Outlook

The RSUs will vest in three equal annual installments beginning on May 16, 2025, incentivizing the executive to contribute to the company's long-term success.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with those of shareholders.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and alignment of interests.
• Employees: Demonstrates the company's commitment to incentivizing key personnel.

Key Dates