Form 4: Allegro MicroSystems SVP, CTO Transfers Shares to Revocable Trust
SEC Form 4 Filing
Michael Doogue, SVP and CTO of Allegro MicroSystems, transferred shares to the Michael C. Doogue Revocable Trust of 2015, changing the form of beneficial ownership from direct to indirect.
Summary
- On May 22, 2024, Michael Doogue, the SVP and CTO of Allegro MicroSystems, transferred 29,384 shares of common stock from his direct holdings to the Michael C. Doogue Revocable Trust of 2015.
- This transaction did not involve a sale or purchase, but rather a change in the form of beneficial ownership.
- Following the transaction, Doogue directly owns 39,886 shares and indirectly owns 231,086 shares through the trust.
Sentiment
Score: 7
Explanation: The transaction is a neutral event, reflecting personal financial planning rather than a change in the executive's view of the company. Therefore, the sentiment is moderately positive.
Industry Context
This is a routine transaction related to personal financial planning and does not necessarily reflect a change in sentiment towards the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock transfer to the Michael C. Doogue Revocable Trust of 2015 |
| 05/23/2024 | Date of signature by Attorney-in-Fact for Michael C. Doogue |
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