Hagen Erin 4
Research Summary
AI-generated summary
Allegro (ALGM) SVP/CHRO Erin Hagen Sells Shares
What Happened
Erin Hagen, SVP and Chief Human Resources Officer at Allegro Microsystems (ALGM), had 1,996 shares withheld to cover taxes on vested restricted stock units (RSUs) on 2026-02-27 (value $72,794) and sold 2,598 shares in an open-market transaction on 2026-03-02 at $35.00 per share for proceeds of $90,930. Together the dispositions represent $163,724 in value (withheld shares represent tax withholding, not a voluntary purchase or investment).
Key Details
- Transactions: tax-withholding on RSU vesting (Code F) and open-market sale (Code S).
- 2026-02-27: 1,996 shares withheld @ $36.47 = $72,794 (F1 indicates shares withheld to cover taxes on vested RSUs).
- 2026-03-02: 2,598 shares sold open market @ $35.00 = $90,930.
- Combined value of dispositions shown: $163,724.
- Shares owned following these transactions: not specified in the provided filing excerpt.
- Filing: Form 4 filed 2026-03-03 (appears timely given the transaction dates).
Context
- The F-coded transaction is a routine tax-withholding on RSU vesting (company retained shares to satisfy tax obligations), not a discretionary purchase/sale decision.
- The open-market sale is a typical insider disposition; sales are common and do not necessarily indicate a change in company outlook.
- For retail investors, purchases by insiders typically carry more interpretive weight than routine sales or tax-related withholdings.