Allegro SVP has shares withheld for RSU taxes
ALLEGRO MICROSYSTEMS, INC. senior vice president of worldwide sales Richard Madormo reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. senior vice president of worldwide sales Richard Madormo reported a routine tax-related share disposition. On this Form 4, 6,498 shares of common stock were surrendered at $32.58 per share to cover taxes due upon the vesting of previously granted restricted stock units. After this withholding, Madormo directly holds 60,311 shares of Allegro common stock, indicating he retains a substantial equity stake while settling the tax obligation tied to his equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 6,498 | $32.58 | $212K |
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
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What insider transaction did ALGM SVP Richard Madormo report on this Form 4?
What role does Richard Madormo hold at ALLEGRO MICROSYSTEMS, INC. (ALGM)?
What type of security was involved in Richard Madormo’s ALGM Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.