Eckersley Timothy P 4
Research Summary
AI-generated summary
Allegion (ALLE) SVP Timothy Eckersley Receives PSU Award; Shares Withheld
What Happened
Timothy P. Eckersley, SVP — Allegion International, received 7,329 ordinary shares on February 4, 2026 from vested performance-based restricted stock units (PSUs) granted in 2023 (4,608 + 2,721). To satisfy tax-withholding obligations, the issuer withheld 2,043 shares (1,157 and 886 shares) at a value of $171.21 per share, resulting in total withholding value of $349,772 (reported as dispositions). The awards were recorded as acquisitions at $0.00 (award).
Key Details
- Transaction date: February 4, 2026. Form 4 filed: February 6, 2026 (timely).
- Acquired (award): 7,329 shares at $0.00.
- Withheld/disposed for taxes (code F): 2,043 shares total (1,157 and 886) at $171.21; total value $349,772 (198,084 + 151,688).
- Footnotes: F1/F4 — PSUs from Feb 2023 and Apr 2023 vested based on performance certified Feb 4, 2026. F3 — shares were withheld to cover tax obligations. F2 — includes shares acquired via dividend reinvestment since last Form 4.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Filing timeliness: filed within the normal Form 4 reporting window (appears timely).
Context
These transactions reflect vested equity awards and routine tax-withholding (cashless share withholding), not an open-market sale or a purchase signal. PSUs were earned based on performance and converted to ordinary shares; a portion was automatically withheld to satisfy tax liabilities.