Allegro CFO reports RSU tax share withholding
Allegro MicroSystems EVP, CFO & Treasurer Derek D’Antilio reported a tax-related share disposition.
Rhea-AI Filing Summary
Allegro MicroSystems EVP, CFO & Treasurer Derek D’Antilio reported a tax-related share disposition. On this Form 4, 9,995 shares of common stock were withheld at a price of $36.47 per share to cover taxes due upon the vesting of previously granted restricted stock units. After this withholding, D’Antilio directly owns 216,776 Allegro MicroSystems shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 9,995 shares
Exercise Price or Tax Liability
1 txn
Insider
D'Antilio Derek
Role
EVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,995 | $36.47 | $365K |
Holdings After Transaction:
Common Stock — 216,776 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover taxes due upon the vesting of restricted stock units that were previously granted by the Issuer.
FAQ
What insider transaction did Allegro MicroSystems (ALGM) report for Derek D’Antilio?
Allegro MicroSystems reported that EVP, CFO & Treasurer Derek D’Antilio had 9,995 common shares withheld. The shares were used to cover taxes triggered by the vesting of previously granted restricted stock units, rather than representing an open-market sale transaction.
Was the Allegro MicroSystems (ALGM) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations when restricted stock units vested, a common administrative step in equity compensation programs.
What does transaction code "F" mean in the Allegro MicroSystems (ALGM) Form 4?
Transaction code “F” indicates shares were used to pay an exercise price or tax liability. In this case, 9,995 Allegro MicroSystems shares were withheld to cover taxes due upon vesting of restricted stock units previously granted to Derek D’Antilio.
AI-generated analysis. How Rhea-AI works. Not financial advice.