Allegro Microsystems (NASDAQ: ALGM) VP uses 4,277 shares to pay tax on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. executive Roald Graham Webster, the VP and Chief Accounting Officer, reported a tax-related share disposition. On this Form 4, 4,277 shares of common stock were withheld at $43.10 per share to cover taxes due on previously granted restricted stock units and performance-vesting restricted stock units that vested.
These withheld shares were not an open-market sale but a payment of tax liability using company stock. After this withholding event, Webster directly holds 18,323 shares of Allegro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Webster Roald Graham
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,277 | $43.10 | $184K |
Holdings After Transaction:
Common Stock — 18,323 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4,277 shares
Withholding price per share: $43.10 per share
Shares held after transaction: 18,323 shares
+1 more
4 metrics
Shares withheld for taxes
4,277 shares
Common stock used for tax withholding on vesting awards
Withholding price per share
$43.10 per share
Value assigned to shares withheld for tax obligations
Shares held after transaction
18,323 shares
Direct holdings of common stock following tax withholding
Tax-withholding transactions
1 transaction, 4,277 shares
Summary of tax-withholding activity in this Form 4
Key Terms
restricted stock units, performance-vesting restricted stock units, tax-withholding disposition
3 terms
restricted stock units financial
"vesting of restricted stock units and performance-vesting restricted stock units that were previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-vesting restricted stock units financial
"vesting of restricted stock units and performance-vesting restricted stock units that were previously granted"
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition to cover taxes due on vesting"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did ALGM executive Roald Graham Webster report?
Roald Graham Webster reported a tax-related share disposition. 4,277 Allegro Microsystems common shares were withheld at $43.10 each to pay taxes owed on vesting restricted stock and performance-based awards granted earlier.
What role does Roald Graham Webster hold at Allegro Microsystems (ALGM)?
Roald Graham Webster serves as Vice President and Chief Accounting Officer at Allegro Microsystems. His Form 4 filing reflects a routine tax-withholding event tied to his compensation in the form of restricted and performance-vesting stock units.