Form 4: Allegro MicroSystems SVP Max R. Glover Sells 15,000 Shares

Max R. Glover, SVP of Worldwide Sales at Allegro MicroSystems, Inc., sold 15,000 shares of common stock on March 8, 2024, at a weighted average price of $31.7657.

Summary

• Max R. Glover, the SVP of Worldwide Sales at Allegro MicroSystems, Inc. (ALGM), reported a transaction on March 8, 2024.
• Glover sold 15,000 shares of ALGM common stock.
• The sale was executed at a weighted average price of $31.7657 per share.
• The total number of shares beneficially owned following the transaction is 244,625.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2023.
• The shares were sold at prices ranging from $31.50 to $31.99.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a sale of shares under a pre-existing trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock. Investors often monitor these filings to gain insights into management's perspective on the company's valuation and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The Rule 10b5-1 trading plan is a common mechanism used by insiders to sell shares while avoiding accusations of trading on non-public information.
• The size of the transaction (15,000 shares) is relatively small compared to the total outstanding shares of Allegro MicroSystems, Inc.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small size of the transaction and the existence of a pre-arranged trading plan.

Key Dates