Wenos Vincent 4
Research Summary
AI-generated summary
Allegion CTO Vincent Wenos Receives Award; Shares Withheld for Taxes
What Happened
- Vincent Wenos, Senior Vice President and Chief Technology Officer of Allegion plc (ALLE), had 2,777 performance-based restricted stock units (PSUs) vest on February 4, 2026 (reported Feb 6, 2026). The award shows an acquisition price of $0.00 (typical for vested RSUs). To satisfy tax withholding obligations, the company withheld 827 shares (disposed) at $171.21 per share for a total tax withholding of $141,587.
Key Details
- Transactions dates: February 4, 2026 (reported on Form 4 filed Feb 6, 2026).
- Codes: A = Award/Grant/Acquisition (2,777 shares @ $0.00); F = Tax withholding (827 shares @ $171.21, $141,587).
- Footnotes: F1 — PSUs were granted Feb 2023 and vested based on performance certified by the Compensation and Human Capital Committee on Feb 4, 2026. F2 — 827 shares were withheld to cover tax withholding obligations upon vesting.
- Shares owned after transaction: not specified in the provided filing.
- Filing note: Form 4 filed Feb 6, 2026 for transactions on Feb 4, 2026; no late-filing indication in the provided data.
- Exhibit: Exhibit 24 (Power of Attorney) included in filing.
Context
- This was not an open-market sale or purchase: it reflects PSUs vesting (a compensation event) and the company withholding a portion of the vested shares to cover taxes — a routine administrative action, not necessarily a signal of insider market view.
- The award had $0 acquisition cost as reported; using the $171.21 withholding price implies a notional market value for the 2,777 vested shares of roughly $475k (not stated in the filing, shown here only for context).