Allegion SVP reports tax-withholding share dispositions
Allegion plc SVP Robert C. Martens reported routine share dispositions related to tax withholding.
Rhea-AI Filing Summary
Allegion plc SVP Robert C. Martens reported routine share dispositions related to tax withholding. On February 20 and 22, he had a total of 199 Allegion ordinary shares withheld by the company at $162.92 per share to satisfy tax obligations on vesting stock awards. After these withholdings, he directly owns 12,670 ordinary shares.
Positive
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Negative
- None.
Insights
Routine tax-withholding share dispositions tied to equity vesting.
The transactions involve 199 Allegion ordinary shares withheld at $162.92 per share to cover tax obligations when restricted stock units vested for executive Robert C. Martens. This is classified as a tax-withholding disposition rather than an open-market sale.
Such activity is common with equity compensation and does not change the overall compensation structure. After these withholdings, Martens directly holds 12,670 ordinary shares, so ownership remains meaningful and the economic impact appears limited based on the disclosed share counts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 96 | $162.92 | $16K |
| Exercise Price or Tax Liability | Ordinary Shares | 103 | $162.92 | $17K |
Footnotes (1)
- F1. Represents shares withheld by the Issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
FAQ
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What insider transactions did Allegion (ALLE) executive Robert C. Martens report?
Were Robert C. Martens’ Allegion (ALLE) transactions open-market sales?
What transaction code was used in the Allegion (ALLE) Form 4 for Martens?
AI-generated analysis. How Rhea-AI works. Not financial advice.