ALGM CFO reports tax withholding share disposition
ALLEGRO MICROSYSTEMS, INC. executive Derek D’Antilio, EVP, CFO & Treasurer, reported an automatic share disposition tied to equity compensation.
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. executive Derek D’Antilio, EVP, CFO & Treasurer, reported an automatic share disposition tied to equity compensation. On this Form 4, 17,808 shares of common stock were withheld at $42.38 per share to cover taxes due when previously granted restricted stock units vested. After this tax-withholding event, he held 226,771 shares of Allegro common stock directly. This reflects routine administration of stock-based compensation rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 17,808 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 | 17,808 | $42.38 | $755K |
Holdings After Transaction:
Common Stock — 226,771 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 did ALGM executive Derek D’Antilio report in this Form 4 filing?
Derek D’Antilio reported a tax-related share disposition, where 17,808 Allegro Microsystems shares were withheld to cover taxes on vested restricted stock units. This was an automatic, compensation-related event, not an open-market stock sale initiated for investment reasons.
What is the transaction code "F" in Derek D’Antilio’s ALGM Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 17,808 Allegro Microsystems shares were withheld to cover taxes due when restricted stock units vested, rather than representing a voluntary sale into the market.
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