Allegion CFO reports tax-withholding share dispositions
Allegion plc SVP and CFO Michael J. Wagnes reported routine share dispositions tied to tax withholding.
Rhea-AI Filing Summary
Allegion plc SVP and CFO Michael J. Wagnes reported routine share dispositions tied to tax withholding. On two dates, a total of 861 Ordinary Shares were withheld by Allegion at $162.92 per share to cover tax obligations from vesting restricted stock units, leaving him holding over 31,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 861 shares
Exercise Price or Tax Liability
2 txns
Insider
Wagnes Michael J.
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 417 | $162.92 | $68K |
| Exercise Price or Tax Liability | Ordinary Shares | 444 | $162.92 | $72K |
Holdings After Transaction:
Ordinary Shares — 31,781 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) CFO Michael Wagnes report?
Michael Wagnes reported two routine dispositions of Allegion Ordinary Shares. In both cases, shares were withheld by Allegion to cover tax obligations arising from vesting restricted stock units, rather than open-market sales, reflecting standard equity compensation administration.
Does the Allegion (ALLE) Form 4 indicate open-market selling by the CFO?
The Form 4 does not indicate open-market selling by the CFO. Both transactions are coded as tax-withholding dispositions, where Allegion withheld shares upon restricted stock unit vesting to satisfy tax liabilities, a common non-discretionary feature of equity compensation plans.
What does transaction code F mean in the Allegion (ALLE) Form 4?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this Allegion filing, it means shares were automatically withheld by the company to cover taxes when restricted stock unit awards vested, rather than representing voluntary share sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.