Martens Robert C. 4
Research Summary
AI-generated summary
Allegion (ALLE) SVP Robert Martens Receives Award; Taxes Withheld
What Happened
Robert C. Martens, SVP — Chief Innovation & Design at Allegion plc (ALLE), had 3,054 ordinary shares issued on February 4, 2026 as performance-based restricted stock units (PSUs) vested and were certified by the company's Compensation and Human Capital Committee. To satisfy tax withholding on the vesting, 907 of those shares were withheld/disposed, valued at $171.21 per share for a total withholding value of $155,283. The PSU award itself is recorded at $0.00 per share (award/grant).
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (filed timely).
- Award: 3,054 shares issued (code A) at $0.00 (PSUs vested).
- Tax withholding: 907 shares withheld/disposed (code F) at $171.21, value $155,283.
- Footnotes: F1 — PSUs were granted Feb 2023 and vested based on performance certified Feb 4, 2026. F2 — 907 shares withheld to cover tax withholding obligations.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a vesting of performance-based restricted stock units, not an open-market purchase or voluntary sale. Withholding shares to cover taxes on vesting is a routine administrative step and does not necessarily signal a change in the insider’s view of the company.
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