Wagnes Michael J. 4

What Happened

• Michael J. Wagnes, Allegion’s Senior Vice President and Chief Financial Officer, exercised stock options and sold the underlying shares on July 23, 2026. He exercised 1,716 options at a $71.83 strike (cash paid $123,269) and 1,468 options at an $86.93 strike (cash paid $127,613). Those 3,184 shares were then sold in the open market the same day at $150.98 per share for total gross proceeds of $259,082 and $221,639, respectively (total ≈ $480,721). The filings show the exercise/conversion of the derivative options (reported with $0 sale price in the filing format) alongside the open-market sales.

Key Details

• Transaction date: July 23, 2026.
• Exercises: 1,716 shares @ $71.83 (cost $123,269); 1,468 shares @ $86.93 (cost $127,613).
• Sales: 1,716 shares @ $150.98 (proceeds $259,082); 1,468 shares @ $150.98 (proceeds $221,639). Total sale proceeds ≈ $480,721.
• Transaction codes: M = option exercise/conversion; S = open-market sale.
• Reported under Rule 10b5-1 trading plans (adopted Sept 12, 2025) for both the exercises and the sales (Footnotes F1, F2).
• Option grant/vest info: footnotes note the options vested in prior years and are exercisable (F3, F4).
• Shares owned after the transaction: not provided in the supplied Form 4 excerpt.
• Filing timeliness: Form 4 filed July 27, 2026 for trades on July 23, 2026 (filed within the required reporting window).

Context

• This was effectively an exercise-and-sell (cashless-style) transaction: options were exercised and the resulting shares were sold the same day. Such patterns are commonly executed to monetize vested options and, when done under a pre-established 10b5-1 plan, are pre-scheduled trades rather than ad hoc sales.
• The presence of $0 "disposed" derivative lines reflects reporting conventions for option exercises/conversions; they do not represent a cash sale price for the exercised options themselves.