Madormo Richard 4

What Happened

• Richard Madormo, Senior Vice President, Worldwide Sales at Allegro Microsystems (ALGM), had 6,498 shares disposed to the issuer on 2026-03-24 as tax withholding for the vesting of restricted stock units. The withholding occurred at $32.58 per share, totaling $211,705. This was a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date and price: 2026-03-24 at $32.58 per share.
• Shares involved: 6,498 shares withheld; total value $211,705.
• Transaction code/footnote: Reported as a disposition to the issuer (Code D). Footnote F1: shares were withheld to cover taxes due upon RSU vesting.
• Shares owned after transaction: Not specified in the provided summary of the filing—see the full Form 4 for total beneficial ownership.
• Filing timeliness: Form filed 2026-03-25 for a 2026-03-24 transaction (filed promptly).

Context

• Withholding shares to cover taxes on vested RSUs is a common, administrative action and does not necessarily signal the insider's view on the company's stock. This is different from an open-market sale or a purchase, which can sometimes be interpreted as a trading signal.