Form 4: Allegro MicroSystems SVP, CHRO Erin Hagen Reports Stock Award and Tax Withholding

Erin Hagen, SVP, CHRO of Allegro MicroSystems, reports the acquisition of 18,153 shares of common stock through a restricted stock unit (RSU) award and the disposal of 4,899 shares for tax withholding purposes.

Summary

• On May 15, 2025, Erin Hagen, SVP, CHRO of Allegro MicroSystems, was granted 18,153 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of common stock.
• The RSUs will vest in three equal annual installments beginning on May 16, 2026.
• On May 16, 2025, 4,899 shares of common stock were disposed of at a price of $27.51 to cover taxes due upon the vesting of previously granted performance-vesting restricted stock units and RSUs.
• Following these transactions, Hagen directly owns 39,731 shares of Allegro MicroSystems common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The RSU grant is a positive sign for aligning executive interests, but the tax withholding is a neutral event.

Positives

• The grant of RSUs to a key executive like the SVP, CHRO, can be seen as a positive sign, aligning their interests with the long-term performance of the company.

Negatives

• The disposal of shares to cover taxes, while a normal occurrence, does represent a slight decrease in the executive's holdings.

Risks

• There are no specific risks highlighted in this document, as it primarily details stock transactions related to executive compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include stock-based awards like RSUs to align executive interests with shareholder value.
• Tax withholding practices related to vesting equity are standard across publicly traded companies.
• Comparable companies such as Texas Instruments (TXN) and Analog Devices (ADI) also utilize similar equity compensation strategies for their executives.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholders by aligning executive interests with company performance.
• Employees may view the executive's stock ownership as a positive sign of confidence in the company.

Key Dates

Keywords

Allegro MicroSystems, Erin Hagen, RSU, Restricted Stock Units, Form 4, Stock Award, Tax Withholding, ALGM, SVP, CHRO