Allegro MicroSystems (ALGM) SVP has 9,670 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. senior vice president Troy Coleman reported a tax-related share disposition tied to equity compensation. On this Form 4, 9,670 shares of Common Stock were withheld at $43.10 per share to cover taxes due upon the vesting of previously granted restricted stock units. After this withholding, Coleman directly holds 81,976 shares of Common Stock, so the event reflects tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coleman Troy
Role
SVP, General Manager, Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,670 | $43.10 | $417K |
Holdings After Transaction:
Common Stock — 81,976 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 9,670 shares
Tax withholding price: $43.10 per share
Shares held after transaction: 81,976 shares
+1 more
4 metrics
Shares withheld for taxes
9,670 shares
Tax-withholding disposition on restricted stock unit vesting
Tax withholding price
$43.10 per share
Value used for RSU tax settlement
Shares held after transaction
81,976 shares
Direct Common Stock holdings after withholding
Tax-withholding share count
9,670 shares
transactionSummary taxWithholdingShares
Key Terms
restricted stock units, Common Stock, tax-withholding disposition
3 terms
restricted stock units financial
"taxes due upon the vesting of 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.
Common Stock financial
"The filing shows 9,670 shares of Allegro MicroSystems Common Stock withheld."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"It records shares withheld by the issuer, categorized as a tax-withholding disposition rather than a sale."
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 did Allegro MicroSystems (ALGM) insider Troy Coleman report on this Form 4?
Troy Coleman reported a tax-withholding disposition of 9,670 Allegro MicroSystems shares. These shares were withheld by the company to cover taxes on vesting restricted stock units, rather than sold on the open market.
Was this Allegro MicroSystems (ALGM) Form 4 an open-market sale by Troy Coleman?
The Form 4 does not report an open-market sale by Troy Coleman. Instead, it records shares withheld by the issuer to cover taxes due on vesting restricted stock units, categorized as a tax-withholding disposition rather than a discretionary stock sale.