PETERS LAUREN B 4
Research Summary
AI-generated summary
Allegion (ALLE) Director Lauren B. Peters Withholds 449 Shares
What Happened
Lauren B. Peters, a director of Allegion plc (ALLE), had 449 shares withheld by the company to satisfy tax withholding obligations when restricted stock units vested. The withholding was at $130.27 per share for a total value of roughly $58,491 (transaction reported as a disposition via code F).
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (filed timely).
- Price per share: $130.27; Shares withheld/disposed: 449; Total value: ~$58,491.
- Shares owned after transaction: Not specified in the filing.
- Transaction code/footnote: Code F (tax withholding); F1 states shares were withheld by the issuer to cover tax withholding upon RSU vesting.
- This was not an open-market sale — it was a routine withholding to cover taxes.
Context
Share withholding upon RSU vesting is a common, administrative transaction (often called a cashless withholding) and does not necessarily signal a director's view of the company’s stock. It differs from a voluntary market sale or purchase and is primarily done to meet tax obligations.