Allegro Microsystems (ALGM) CEO uses 60,508 shares to cover taxes on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. President and CEO Michael Doogue reported routine share movements related to equity compensation. On the Form 4 date, 60,508 shares of common stock were withheld at $43.10 per share to cover taxes due upon the vesting of previously granted restricted stock units and performance-vesting restricted stock units. This tax-withholding disposition was not an open-market sale. After these transactions, Doogue held 279,076 common shares directly and 252,797 common shares indirectly through the Michael C. Doogue Revocable Trust of 2015.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Doogue Michael
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 60,508 | $43.10 | $2.61M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 279,076 shares (Direct, null);
Common Stock — 252,797 shares (Indirect, By the Michael C. Doogue Revocable Trust of 2015)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 60,508 shares
Tax-withholding price: $43.10 per share
Direct holdings after transaction: 279,076 shares
+2 more
5 metrics
Tax-withheld shares
60,508 shares
Shares withheld to cover taxes on vesting equity awards
Tax-withholding price
$43.10 per share
Price for tax-withheld common stock
Direct holdings after transaction
279,076 shares
Common stock held directly after tax-withholding disposition
Indirect trust holdings
252,797 shares
Common stock held by Michael C. Doogue Revocable Trust of 2015
Tax-withholding transactions
1 transaction
TaxWithholdingCount in transaction summary
Key Terms
restricted stock units, performance-vesting restricted stock units, tax-withholding disposition, indirect ownership
4 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""
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.
indirect ownership financial
"ownership_type": "indirect" for shares held by the Michael C. Doogue Revocable Trust of 2015"
FAQ
What did ALGM CEO Michael Doogue report in this Form 4?
Michael Doogue reported a tax-related share disposition and updated holdings. 60,508 shares were withheld to cover taxes on vesting equity awards, and his direct and indirect common stock positions were updated accordingly in this filing.
Is the ALGM CEO’s Form 4 transaction an open-market sale?
No, the transaction is described as a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to cover taxes triggered by the vesting of equity awards previously granted to the CEO.
What indirect ALGM holdings does the CEO report?
The Form 4 lists 252,797 common shares held indirectly by the Michael C. Doogue Revocable Trust of 2015. This entry is reported as indirect ownership, separate from the CEO’s directly held Allegro Microsystems shares.
Why were ALGM restricted stock units and performance-vesting RSUs mentioned?
They explain the source of the tax liability. The footnote states shares were withheld to cover taxes due upon the vesting of restricted stock units and performance-vesting restricted stock units that the company had previously granted.