Kemp Tracy L 4
Research Summary
AI-generated summary
Allegion (ALLE) SVP Tracy L. Kemp: Shares Withheld for Taxes
What Happened
Tracy L. Kemp, Senior Vice President — Chief Information & Digital Officer at Allegion plc (ALLE), had a total of 190 shares withheld to cover tax withholding obligations upon vesting of restricted stock units (RSUs). The withholding transactions were for 98 shares (valued at $15,966) on 2026-02-20 and 92 shares (valued at $14,989) on 2026-02-22, each at $162.92 per share. These were issuer withholdings to satisfy taxes, not open-market sales.
Key Details
- Transaction dates & prices: 2026-02-20 — 98 shares @ $162.92 ($15,966); 2026-02-22 — 92 shares @ $162.92 ($14,989).
- Total withheld: 190 shares for a combined value of $30,955.
- Footnote: F1 — shares were withheld by the issuer to cover tax withholding upon RSU vesting.
- Shares owned after transaction: not specified in the provided filing.
- Filing: Form 4 filed 2026-02-24; timing appears to be within the normal reporting window (not flagged as late).
Context
This is a routine tax-withholding event that reduces the net shares an insider receives from RSU vesting. Such withholdings are common and do not indicate a discretionary sale or purchase decision. For retail investors, outright purchases by insiders are generally more indicative of bullish conviction than tax-withholding transactions.