Kent Ian 4
Research Summary
AI-generated summary
Allegro (ALGM) SVP Ian Kent Sells Shares
What Happened
Ian Kent, SVP, Global Operations at Allegro Microsystems (ALGM), disposed of a total of 4,987 shares in mid‑May 2026. On 2026-05-16, 2,345 shares were withheld at $43.10 per share (value $101,070) to cover taxes upon RSU vesting. On 2026-05-18, he sold 2,642 shares in an open‑market transaction at $41.56 per share (proceeds $109,802). Combined proceeds/values equal $210,872. These actions include a routine tax-withholding event and an open‑market sale (a disposal rather than a purchase).
Key Details
- Transaction dates and prices:
- 2026-05-16: 2,345 shares withheld at $43.10 (value $101,070) — tax withholding (code F).
- 2026-05-18: 2,642 shares sold open market at $41.56 (proceeds $109,802) — sale (code S).
- Total shares disposed: 4,987; total value/proceeds: $210,872.
- Footnote: F1 — shares were withheld to cover taxes due upon vesting of previously granted restricted stock units (RSUs).
- Shares owned after the transactions: not disclosed in the provided filing summary.
- Filing: Form 4 filed 2026-05-19; the report period begins 2026-05-16. (No late‑filing flag was provided in the summary.)
Context
Tax‑withholding via share retention on RSU vesting is routine and does not necessarily reflect a trading decision. The separate open‑market sale is a disposition (not a purchase) and can be for many reasons (portfolio rebalancing, liquidity needs, etc.); filings alone do not reveal motive.