Form 4 for ALGM ALLEGRO MICROSYSTEMS, INC.
Accepted 2022-05-18 00:00:00 ET · period of report 2022-05-13 · accession 0001828824-22-000005 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-05-18 | 2022-05-13+ | ALGM | Vig Ravi | Pres, CEO, Dir | A - Grant | $0.00 | +320.4K | 1.67M | +24% | $0 |
| 2022-05-18 | 2022-05-16 | ALGM | Vig Ravi | Pres, CEO, Dir | F - Tax | $23.48 | -99.5K | 1.57M | -6% | -$2.34M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-13 | A | A | 202,704 | $0.00 | 1,643,006 | D | — | — | (F1) On May 7, 2021, the reporting person was granted an award of Performance Stock Units ("PSUs"), which vest over a two-year period in the form of common stock, contingent upon the Issuer's attainment of certain performance objectives between one and two years. On May 13, 2022, the Compensation Committee of the Issuer's Board of Directors determined that the one-year performance objective goals had been met, resulting in the vesting of a portion of the total PSU on May 16, 2022. |
| 2 | Common | Common Stock | 2022-05-16 | A | A | 88,587 | $0.00 | 1,661,233 | D | — | — | (F4) Represents an award of Restricted Stock Units ("RSUs") granted on May 16, 2022. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest in four equal annual installments beginning on May 16, 2023. |
| 3 | Common | Common Stock | 2022-05-16 | F | D | 99,480 | $23.48 | 1,572,646 | D | — | — | (F3) Represents shares withheld to cover taxes due upon the vesting of RSUs and PSUs that were previously granted by the Issuer. |
| 4 | Common | Common Stock | 2022-05-13 | A | A | 29,120 | $0.00 | 1,672,126 | D | — | — | (F2) On May 7, 2021, the reporting person was granted an award of PSUs, which vest over a three-year period in the form of common stock, contingent upon the Issuer's attainment of certain performance objectives between one and three years. On May 13, 2022, the Compensation Committee of the Issuer's Board of Directors determined that the one-year performance objective goals had been met, resulting in the vesting of a portion of the total PSU on May 16, 2022. |