Allegion plc·4

Feb 6, 10:01 AM ET

Eckersley Timothy P 4

Research Summary

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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.