Form 4: CEO Michael Doogue Executes Tax-Related Share Withholding

Allegro MicroSystems CEO Michael Doogue reported the withholding of 60,508 shares to cover tax obligations related to vested equity awards.

Summary

• CEO Michael Doogue disposed of 60,508 shares of Allegro MicroSystems common stock on May 16, 2026.
• The transaction was executed at a price of $43.10 per share.
• The disposal was a mandatory tax withholding event following the vesting of restricted stock units (RSUs) and performance-vesting restricted stock units (PSUs).
• Following the transaction, the CEO maintains a direct ownership of 279,076 shares and an indirect ownership of 252,797 shares via the Michael C. Doogue Revocable Trust of 2015.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax transaction rather than a change in the executive's confidence in the company.

Positives

• The transaction was a routine administrative action for tax compliance rather than a discretionary open-market sale.
• The CEO retains a significant equity stake in the company, totaling 531,873 shares across direct and indirect holdings.

Negatives

• The transaction resulted in a reduction of the CEO's direct share count.

Risks

• None identified; this is a standard regulatory disclosure for executive compensation tax obligations.

Future Outlook

No forward-looking guidance or strategic outlook provided in this filing.

Industry Context

StockSavvy.ai notes that tax-related share withholding is a standard practice for executives at publicly traded semiconductor companies to manage tax liabilities arising from equity compensation vesting schedules.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for executive equity management in the semiconductor industry.
• The retention of significant holdings by the CEO is consistent with industry norms for leadership alignment with shareholder interests.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding event.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Allegro MicroSystems, ALGM, Insider Trading, Form 4, Executive Compensation, Tax Withholding