Form 4: Allegro Microsystems SVP, CHRO Erin Hagen Reports Acquisition of 1,222 Shares
SEC Form 4
Erin Hagen, SVP, CHRO of Allegro Microsystems, reports acquiring 1,222 shares of common stock on May 13, 2025, related to performance-vesting restricted stock units (PSUs).
Summary
- On May 13, 2025, Erin Hagen, SVP, CHRO of Allegro Microsystems, reported a transaction involving the acquisition of 1,222 shares of common stock.
- These shares were acquired as part of a performance-vesting restricted stock unit (PSU) award granted on June 11, 2024.
- The PSUs were contingent upon Allegro Microsystems achieving specific performance objectives during the 2025 fiscal year.
- The Compensation Committee determined on May 13, 2025, that the performance goals for the period ending March 28, 2025, were met for the reported number of shares.
- The award is still subject to time-based vesting conditions and is scheduled to vest fully on May 16, 2025.
- Following the reported transaction, Hagen directly owns 26,477 shares of Allegro Microsystems common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The achievement of performance goals is a positive indicator, and the stock acquisition reflects confidence by the executive. However, it's a routine filing, so the impact is limited.
Positives
- The achievement of performance objectives for the PSUs indicates positive performance by Allegro Microsystems during the specified period.
- The vesting of PSUs aligns the interests of the executive with the company's performance and shareholder value.
Future Outlook
The PSUs are scheduled to vest in full on May 16, 2025, subject to the time-based vesting conditions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of executive incentives with company performance.
Stakeholder Impact
- The vesting of PSUs can positively impact shareholder confidence by aligning executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| June 11, 2024 | Date the Reporting Person was granted an award of performance-vesting restricted stock units (the 'PSUs'). |
| March 28, 2025 | End of the period for which the performance objective goals of the PSUs were measured. |
| May 13, 2025 | Date of transaction and date the Compensation Committee determined that the performance objective goals of the PSUs had been met. |
| May 14, 2025 | Date of signature. |
| May 16, 2025 | Scheduled date for the PSUs to vest in full in the form of common stock. |
Keywords
Allegro Microsystems, Erin Hagen, PSUs, Performance-Vesting Restricted Stock Units, Stock Acquisition, Form 4, ALGM, Compensation Committee, Vesting
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.