Allegion VP logs tax-withholding share disposals
Allegion plc VP and CAO Nickolas A. Musial reported two small share disposals related to tax withholding, not open‑market sales.
Rhea-AI Filing Summary
Allegion plc VP and CAO Nickolas A. Musial reported two small share disposals related to tax withholding, not open‑market sales. On February 20 and February 22, he surrendered 102 and 82 ordinary shares, respectively, at $162.92 per share to cover taxes on vested restricted stock units. After these transactions, he directly owned 6,883 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 184 shares
Exercise Price or Tax Liability
2 txns
Insider
Musial Nickolas A.
Role
VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 82 | $162.92 | $13K |
| Exercise Price or Tax Liability | Ordinary Shares | 102 | $162.92 | $17K |
Holdings After Transaction:
Ordinary Shares — 6,883 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Allegion (ALLE) executive Nickolas Musial report?
Nickolas Musial reported two tax-related share dispositions, not open-market sales. He surrendered 102 and 82 Allegion ordinary shares at $162.92 each to cover tax withholding obligations when restricted stock units vested, as disclosed in the Form 4 footnote.
Were Nickolas Musial’s Allegion (ALLE) Form 4 transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 states the shares were withheld by Allegion plc to satisfy tax withholding obligations upon vesting of a restricted stock unit award, a common administrative mechanism rather than a discretionary stock sale.
What does transaction code “F” mean in Nickolas Musial’s Allegion (ALLE) Form 4?
Transaction code “F” indicates shares used to pay an exercise price or tax liability. In this case, the Form 4 specifies that Allegion withheld shares from a restricted stock unit vesting to cover Musial’s tax withholding obligations, rather than representing a market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.