Allegro Micro (NASDAQ: ALGM) SVP stock withheld for RSU tax event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. senior vice president of worldwide sales Richard Madormo reported a routine tax-related share disposition. On this Form 4, 6,498 shares of common stock were surrendered at $32.58 per share to cover taxes due upon the vesting of previously granted restricted stock units. After this withholding, Madormo directly holds 60,311 shares of Allegro common stock, indicating he retains a substantial equity stake while settling the tax obligation tied to his equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Madormo Richard
Role
SVP, Worldwide Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 6,498 | $32.58 | $212K |
Holdings After Transaction:
Common Stock — 60,311 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ALGM SVP Richard Madormo report on this Form 4?
Richard Madormo reported a tax-related share disposition. The filing shows 6,498 shares of Allegro common stock were surrendered to the issuer at $32.58 per share to cover taxes triggered by the vesting of previously granted restricted stock units.
What role does Richard Madormo hold at ALLEGRO MICROSYSTEMS, INC. (ALGM)?
Richard Madormo serves as SVP, Worldwide Sales at Allegro. The Form 4 identifies him as an officer of the company with the title “SVP, Worldwide Sales,” providing context that this tax-related share withholding is tied to executive equity compensation.
What type of security was involved in Richard Madormo’s ALGM Form 4 filing?
The transaction involved Allegro common stock. The filing specifies that the 6,498 shares surrendered to cover taxes were shares of common stock, arising from the vesting of restricted stock units previously granted by ALLEGRO MICROSYSTEMS, INC.