Ilardi David S. 4
Research Summary
AI-generated summary
Allegion SVP David Ilardi Receives Award; Shares Withheld
What Happened
David S. Ilardi, Senior Vice President — Allegion Americas, received 4,137 ordinary shares on February 4, 2026 as the result of vested performance-based restricted stock units (PSUs). To satisfy tax withholding obligations, 1,212 of those shares were withheld (disposed) at a reported per-share value of $171.21, with the withholding amount reported as $207,500. Net shares delivered to Ilardi after withholding were 2,925.
Key Details
- Transaction dates: Awards and vesting certified on 2026-02-04; Form 4 filed 2026-02-06 (timely filing).
- Award (code A): 4,137 shares granted/issued at $0.00 (PSUs vested).
- Tax withholding (code F): 1,212 shares withheld at $171.21 per share for $207,500 reported.
- Net shares retained by insider (inferred): 2,925 shares (4,137 granted − 1,212 withheld).
- Footnotes: F1 — these were PSUs granted in Feb 2023 and vested based on performance certified 2/4/2026; F2 — shares were withheld to cover tax withholding on vesting.
- Shares owned after transaction: Not stated in this filing.
- No indication of a 10b5-1 plan or other sale plan in this report.
Context
This was not an open-market purchase or discretionary sale; it reflects PSUs awarded in 2023 that vested based on performance and were settled in shares, with a portion withheld to cover taxes (a common practice on vesting). The filing reports the award and the tax-withholding disposition but gives no commentary on future trading intentions.
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