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Allegion (NYSE: ALLE) authorizes up to $500M share buyback

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Allegion plc announced that its Board has replenished funding for the company’s existing share repurchase program, authorizing the repurchase of up to $500 million of its ordinary shares. Repurchases may occur over time through open-market purchases, accelerated stock repurchase arrangements, or privately negotiated transactions.

The company may also use one or more Rule 10b5-1 trading plans, which allow pre-arranged trades under set conditions. Management will decide the timing and amount of any buybacks based on factors such as Allegion’s share price, corporate and regulatory requirements, and broader market and economic conditions.

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Insights

Allegion refreshes up to $500M buyback capacity under its existing program.

Allegion plc has authorized repurchases of up to $500 million of ordinary shares under its existing share repurchase program. This provides flexibility to adjust the share count over time using open-market, accelerated, or privately negotiated transactions.

The ability to use Rule 10b5-1 trading plans means some repurchases can be pre-scheduled, reducing discretion over exact timing. Actual buyback volume will depend on factors like share price, regulatory requirements, and general market conditions, so realized impact will emerge only as repurchase activity is disclosed in future periods.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Share repurchase authorization $500 million Total amount of ordinary shares authorized for repurchase under existing program
Senior notes coupon 3.500% Interest rate on Senior Notes due 2029 listed on NYSE
share repurchase program financial
"funds available for the repurchase of the Company’s ordinary shares under its existing share repurchase program"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
accelerated stock repurchase financial
"Share repurchases may be made from time-to-time in open market, accelerated stock repurchase or privately negotiated transactions"
A company hires an investment bank to buy back a large block of its own shares immediately, with the bank later settling the final number and cost by buying or returning shares in the market. Think of it as a company asking a broker to make a fast, bulk purchase on its behalf to quickly shrink the number of shares available. For investors this can raise per-share metrics and signal confidence, but the ultimate impact depends on the price paid and how the deal is settled.
Rule 10b5-1 trading plans regulatory
"including pursuant to one or more Rule 10b5-1 trading plans"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
ordinary shares financial
"authorized the repurchase of a total amount of up to $500 million of the Company’s ordinary shares"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Understanding 8-K Material Events →
Allegion plc0001579241false00015792412026-04-152026-04-150001579241us-gaap:CommonStockMember2026-04-152026-04-150001579241alle:ThreePointFivePercentSeniorNotesDue2029Member2026-04-152026-04-15


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________

FORM 8-K
____________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The
Securities Exchange Act of 1934

Date of Report – April 15, 2026
(Date of earliest event reported)
____________________________________________

ALLEGION PUBLIC LIMITED COMPANY
(Exact name of registrant as specified in its charter)

____________________________________________
Ireland001-3597198-1108930
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(I.R.S. Employer
Identification No.)

Unit No. 233
The Capel Building
Mary's Abbey
Dublin 7
IrelandD07 X324
(Address of Principal Executive Offices)(Zip Code)

(353) (1) 6833399
(Registrant’s phone number, including area code)

N/A
(Former name or former address, if changed since last report)
____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of exchange on which registered
Ordinary shares, par value $0.01 per shareALLENew York Stock Exchange
3.500% Senior Notes due 2029ALLE 3 ½New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨



Item 8.01Other Events.

On April 15, 2026, the Board replenished the funds available for the repurchase of the Company’s ordinary shares under its existing share repurchase program and, as a result, authorized the repurchase of a total amount of up to $500 million of the Company’s ordinary shares under the program. Share repurchases may be made from time-to-time in open market, accelerated stock repurchase or privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans. The timing and manner of any share repurchase and the actual number of ordinary shares repurchased will be determined at the discretion of management based on a variety of factors, including, among others, the Company’s stock price, corporate and regulatory requirements, and other general market and economic conditions.

Exhibit
No.
 Description
104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)



SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALLEGION PLC
(Registrant)
Date:April 15, 2026/s/ Michael J. Wagnes
Michael J. Wagnes
Senior Vice President and Chief Financial Officer


Source: View Original Filing on SEC EDGAR

FAQ

What did Allegion (ALLE) announce regarding its share repurchase program?

Allegion’s Board replenished funding for its existing share repurchase program, authorizing repurchases of up to $500 million of ordinary shares. This authorization allows the company to buy back stock over time using various transaction methods.

How large is Allegion’s newly authorized share repurchase capacity?

Allegion authorized the repurchase of up to $500 million of its ordinary shares under its existing share repurchase program. This figure represents the total amount the company may allocate to buybacks, subject to management’s discretion and market conditions.

How can Allegion (ALLE) execute its $500 million share repurchase authorization?

Allegion may repurchase shares from time to time through open-market purchases, accelerated stock repurchase transactions, or privately negotiated deals. The company may also use one or more Rule 10b5-1 trading plans to structure buybacks in advance.

What factors will influence Allegion’s actual share repurchases under this program?

Management will determine the timing and amount of actual share repurchases based on Allegion’s stock price, corporate and regulatory requirements, and broader market and economic conditions. These considerations will guide how much of the $500 million authorization is ultimately used.

Does Allegion’s authorization create a new buyback program or extend an existing one?

The Board’s action replenishes funds available under Allegion’s existing share repurchase program rather than creating a new program. It refreshes capacity so the company can continue buying back ordinary shares subject to the stated methods and conditions.

Can Allegion use Rule 10b5-1 plans for its share repurchases?

Yes. The company may conduct repurchases under one or more Rule 10b5-1 trading plans. These plans allow pre-arranged share buybacks to proceed according to predetermined instructions, even during periods when discretionary trading might otherwise be restricted.

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