Allegion (ALLE) SVP has RSU shares withheld to cover tax bill
Rhea-AI Filing Summary
Allegion plc senior vice president Timothy P. Eckersley reported routine tax-related share dispositions. On February 20 and 22, the company withheld 226 and 213 ordinary shares, respectively, at $162.92 per share to cover tax obligations upon vesting of restricted stock units. These were withholdings by the issuer, not open-market sales. Following the transactions, Eckersley directly owns 36,565 ordinary shares of Allegion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 439 shares
Net Sell
2 txns
Insider
Eckersley Timothy P
Role
SVP - Allegion International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 213 | $162.92 | $35K |
| Exercise Price or Tax Liability | Ordinary Shares | 226 | $162.92 | $37K |
Holdings After Transaction:
Ordinary Shares — 36,565 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
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FAQ
What insider activity did Allegion (ALLE) report for Timothy P. Eckersley?
Allegion reported that SVP Timothy P. Eckersley had ordinary shares withheld by the company to cover tax obligations on vested restricted stock units. These Form 4 transactions reflect administrative tax-withholding dispositions, not open-market buying or selling of Allegion shares.
Were Timothy P. Eckersley’s Allegion (ALLE) transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 shows code “F” transactions described as shares withheld by Allegion to pay tax liabilities upon restricted stock unit vesting, a common administrative disposition rather than a discretionary sale into the market.