Allegro (ALGM) Form 4: Palepu RSU Grant Raises Ownership to 9,961 Shares
Rhea-AI Filing Summary
Allegro MicroSystems director Krishna G. Palepu was awarded 5,932 restricted stock units (RSUs) on 08/07/2025. Each RSU represents a contingent right to receive one share of common stock and the RSUs are set to vest on the date of the next annual meeting following the grant. After the reported transaction his beneficial ownership is shown as 9,961 shares, and an additional 550 shares are reported indirectly by his spouse. The grant is non-cash (price shown as $0) and was reported on a Form 4 filed individually by the reporting person.
Positive
- 5,932 RSUs awarded to director Krishna G. Palepu, providing potential alignment with shareholders
- Beneficial ownership increased to 9,961 shares, with 550 shares reported indirectly by spouse
Negative
- None.
Insights
TL;DR: Routine director RSU grant that increases reported ownership; disclosure indicates standard vesting at next annual meeting.
The filing documents a non-cash award of 5,932 RSUs to a company director, converting to one share per RSU upon vesting at the next annual meeting. The report increases the director's reported beneficial ownership to 9,961 shares with 550 shares held indirectly by a spouse. This appears to be a standard equity-retention mechanism for directors rather than a transaction implying immediate cash flows or debt changes. The Form 4 was filed by a single reporting person.
TL;DR: Insider equity award disclosed; transaction is non-cash, time-based, and has neutral short-term market impact per the filing.
The report specifies an award of RSUs (5,932) that will convert to common shares on vesting and shows resulting beneficial ownership of 9,961 shares. The RSUs have no purchase price indicated and vest at the next annual meeting, implying time-based service vesting. The filing does not disclose sales, option exercises, or derivative transactions, and does not state any change to outstanding share count or cash obligations within this document.