Allegro Microsystems (NASDAQ: ALGM) SVP sells 2,642 shares, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. senior vice president of global operations Ian Kent reported a small net sale of company stock. On May 18, 2026, he executed an open-market sale of 2,642 common shares at $41.56 per share, leaving him with 25,392 directly held shares.
Two days earlier, on May 16, 2026, 2,345 shares were disposed of at $43.10 per share to satisfy tax obligations upon vesting of previously granted restricted stock units, a non-market, tax-withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,642 shares ($109,802)
Net Sell
2 txns
Insider
Kent Ian
Role
SVP, Global Operations
Sold
2,642 shs ($110K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,642 | $41.56 | $110K |
| Tax Withholding | Common Stock | 2,345 | $43.10 | $101K |
Holdings After Transaction:
Common Stock — 25,392 shares (Direct, null)
Footnotes (1)
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Key Figures
Open-market sale: 2,642 shares at $41.56
Tax-withholding shares: 2,345 shares at $43.10
Shares held after sale: 25,392 shares
+1 more
4 metrics
Open-market sale
2,642 shares at $41.56
Common Stock sale on May 18, 2026
Tax-withholding shares
2,345 shares at $43.10
Disposition to cover RSU vesting taxes on May 16, 2026
Shares held after sale
25,392 shares
Direct ownership following May 18, 2026 transaction
Net shares sold
2,642 shares
Net buy/sell direction reported as net-sell
Key Terms
open-market sale, tax-withholding disposition, restricted stock units, Form 4
4 terms
open-market sale financial
"he executed an open-market sale of 2,642 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"2,345 shares were disposed of to satisfy tax obligations"
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.
restricted stock units financial
"tax obligations upon vesting of previously granted restricted stock units"
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.
Form 4 regulatory
"What insider transactions did ALGM executive Ian Kent report on this Form 4?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did ALGM executive Ian Kent report on this Form 4?
Ian Kent reported an open-market sale of 2,642 Allegro Microsystems shares and a separate 2,345-share tax-withholding disposition. The tax-related shares covered obligations from vesting restricted stock units rather than a discretionary market sale.