Allegro (ALGM) Director Krishna G. Palepu Receives 4,251-Share Award

What Happened

• Krishna G. Palepu, a director of Allegro Microsystems, was granted and acquired 4,251 shares of the company's common stock on 2026-08-05. The filing reports an acquisition price of $0.00 (award/compensation), so the reported transaction value is $0 in the Form 4. This was an equity award (not an open-market purchase or sale) issued as director compensation.

Key Details

• Transaction date: 2026-08-05; Form 4 filed: 2026-08-07 (appears timely under the two-business-day rule).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 4,251; reported acquisition price: $0.00; total reported value on the Form 4: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The award represents fully vested, unrestricted shares granted under the company's Annual Non-Employee Director Compensation Program (per footnote F1).
• No indication of a 10b5-1 plan, tax withholding sale, or other special transaction mechanics in the provided data.

Context

• This is routine director compensation: awards to non-employee directors are commonly part of standard pay programs and do not necessarily indicate the director buying stock on the open market. Because the shares are reported as fully vested and unrestricted, the director could sell them subject to insider-trading policies and blackout windows, but the filing itself is a compensation disclosure rather than a market sentiment signal.