Allegion (ALLE) CEO reports RSU tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allegion plc President and CEO John H. Stone reported two tax-related share dispositions. On February 20 and 22, he used 1,658 and 1,527 ordinary shares, respectively, at $162.92 per share to satisfy tax withholding obligations upon vesting of restricted stock units. After these transactions, he directly owned 149,220 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stone John H
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 1,527 | $162.92 | $249K |
| Tax Withholding | Ordinary Shares | 1,658 | $162.92 | $270K |
Holdings After Transaction:
Ordinary Shares — 149,220 shares (Direct)
Footnotes (1)
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FAQ
What did Allegion (ALLE) CEO John H. Stone report in this Form 4?
John H. Stone reported two tax-withholding dispositions of Allegion ordinary shares. He used vested restricted stock units on February 20 and 22 to cover tax obligations, rather than executing open-market sales of shares for investment or portfolio reasons.
Does the Allegion (ALLE) Form 4 indicate open-market selling by the CEO?
No, the Form 4 describes tax-withholding dispositions, not open-market sales. The shares were withheld by Allegion to satisfy tax obligations triggered when restricted stock unit awards vested, according to the footnote included with the insider transaction disclosure.
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 shows that shares from restricted stock unit vesting were withheld by the company to cover the CEO’s tax withholding obligations instead of cash payment.