Form 4: Allegro MicroSystems SVP, Products, Suman Narayan, Reports Stock Transaction
SEC Form 4 Filing
Suman Narayan, SVP, Products at Allegro MicroSystems, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On June 3, 2024, Suman Narayan, SVP, Products at Allegro MicroSystems, disposed of 1,570 shares of common stock to cover taxes due upon the vesting of restricted stock units.
- The transaction was executed at a price of $29.27 per share.
- Following the transaction, Narayan directly owns 106,550 shares of Allegro MicroSystems common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to a routine stock transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock transaction (disposal of shares). |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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