D'Antilio Derek 4
Research Summary
AI-generated summary
Allegro (ALGM) CFO Derek D'Antilio Receives RSU/PSU Awards
What Happened
Derek D'Antilio, EVP, Chief Financial Officer and Treasurer of Allegro Microsystems (ALGM), was granted a total of 59,877 restricted stock units on May 13, 2026. The filing shows two awards: 29,439 RSUs (award at $0.00) and 30,438 performance-vesting RSUs/PSUs (award at $0.00). These were grants/awards (code A) rather than purchases or sales.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (appears timely under Section 16 rules).
- Price: $0.00 per share (standard for RSU/PSU awards); total reported acquisition value $0.
- Award breakdown: 29,439 RSUs (time-based) + 30,438 PSUs (performance-certified) = 59,877 units.
- Vesting: RSUs vest in three equal annual installments beginning May 16, 2027 (F1). The PSUs (granted May 15, 2023 and May 15, 2025) were certified on May 13, 2026 as having met performance goals and are scheduled to vest in full on May 16, 2026 subject to remaining time‑based conditions (F2).
- Shares owned after the transaction: not specified in the filing.
- No 10b5‑1 plan, tax‑withholding sale, or late‑filing remark noted in the filing.
Context
RSUs give the holder a contingent right to receive shares when they vest; PSUs require meeting performance targets plus any time-based conditions. These are compensation awards common for executives and are not the same as open‑market purchases or sales, so they do not by themselves indicate insider buying or selling intent. The PSU certification simply means performance conditions were met for the certified portion; final vesting still depends on the stated schedule.