Form 4: Allegro MicroSystems SVP, Products Suman Narayan Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Suman Narayan, SVP of Products at Allegro MicroSystems, disposed of 714 shares of common stock on August 30, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On August 30, 2024, Suman Narayan, SVP of Products at Allegro MicroSystems, disposed of 714 shares of common stock.
- The transaction was executed to cover taxes due upon the vesting of restricted stock units previously granted by the issuer.
- The shares were disposed of at a price of $24.53 per share.
- Following the transaction, Narayan directly owns 123,084 shares of Allegro MicroSystems common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of stock disposal transaction |
| 09/03/2024 | Date of signature on the Form 4 filing |
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