Doogue Michael 4
Research Summary
AI-generated summary
Allegro (ALGM) CEO Michael Doogue Receives RSU and PSU Awards
What Happened
- Michael Doogue, President & CEO and a director of Allegro Microsystems (ALGM), was granted a total of 160,835 shares via equity awards on May 13, 2026. This consists of 77,135 time‑based Restricted Stock Units (RSUs) and 83,700 performance‑vesting restricted stock units (PSUs). Both grants are reported as acquisitions (code A) at $0.00 per share (awards, not cash purchases).
Key Details
- Transaction date: May 13, 2026; Report filed May 15, 2026 (timely — Form 4 filed within two days).
- Prices: $0.00 per share (awarded, no cash paid).
- Counts: 77,135 RSUs (F1) and 83,700 PSUs (F2) — total 160,835 shares.
- Shares owned after transaction: not stated in the provided excerpt of the filing.
- Footnotes:
- F1: RSUs granted 5/13/2026; each unit converts to one share and vests in three equal annual installments beginning May 16, 2027.
- F2: PSUs were originally granted May 15, 2023 and May 15, 2025. On May 13, 2026 the Compensation Committee certified that performance targets were met for the aggregate 83,700 shares; the certified portion remains subject to time‑based vesting and is scheduled to vest on May 16, 2026.
- Transaction code: A = Award/Grant.
Context
- RSUs are time‑based compensation that convert to shares as they vest; PSUs require performance goals to be met before converting and then may still be subject to time vesting. Awards are compensation events (not open‑market buys or sales) and do not by themselves indicate an intentional market trade.
- The PSU certification means a portion of previously granted performance awards has been confirmed and may vest imminently (scheduled 5/16/2026), while the new RSUs vest over multiple years.