Form 4 for ALGM ALLEGRO MICROSYSTEMS, INC.
Accepted 2022-06-15 00:00:00 ET · period of report 2022-06-13 · accession 0001828824-22-000007 · 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 | 2022-06-15 | 2022-06-13 | ALGM | Vig Ravi | Pres, CEO, Dir | D - Sale to Iss | $0.00 | -95.5K | 1.61M | -6% | $0 |
| M | 2022-06-15 | 2022-06-13 | ALGM | Vig Ravi | Pres, CEO, Dir | A - Grant | $0.00 | +1.07M | 2.05M | +109% | $0 |
| 2022-06-15 | 2022-06-13 | ALGM | Vig Ravi | Pres, CEO, Dir | F - Tax | $21.45 | -244.4K | 1.81M | -12% | -$5.24M |
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 | 2022-06-13 | D | D | 41,953 | $0.00 | 1,565,708 | D | — | — | (F2) Represents the forfeiture of unvested RSUs issued on May 7, 2021. |
| 2 | Common | Common Stock | 2022-06-13 | A | A | 586,510 | $0.00 | 2,392,613 | D | — | — | (F5) Represents a portion of outstanding awards of Performance Stock Units ("PSUs") previously granted by the Issuer that remain outstanding and eligible to vest and for which minimum vesting amounts were fixed on June 13, 2022 pursuant to the terms of the Severance Agreement. Subject to the terms of the Severance Agreement, a minimum of 190,339 PSUs are scheduled to vest on December 13, 2022; 58,677 are scheduled to vest on May 16, 2023; 261,188 are scheduled to vest on November 18, 2023; and 76,306 are scheduled to vest on May 16, 2024. The remainder of these PSU awards are still subject to the achievement of the performance conditions, which could result in the vesting of additional shares pursuant to these awards in excess of the amount reported in Table I. |
| 3 | Common | Common Stock | 2022-06-13 | F | D | 244,437 | $21.45 | 1,806,103 | D | — | — | (F4) Represents shares withheld to cover taxes due upon the vesting of RSUs that were granted by the Issuer on June 13, 2022. |
| 4 | Common | Common Stock | 2022-06-13 | A | A | 484,832 | $0.00 | 2,050,540 | D | — | — | (F3) Represents an award of RSUs granted on June 13, 2022 in connection with Mr. Vig's retirement and in accordance with his Second Amended and Restated Severance Agreement (the "Severance Agreement"). Each RSU represents a contingent right to receive one share of common stock. The RSUs vested on June 13, 2022, but the award remains subject to the terms of the Severance Agreement. |
| 5 | Common | Common Stock | 2022-06-13 | D | D | 53,572 | $0.00 | 1,607,661 | D | — | — | (F1) Represents the forfeiture of unvested Restricted Stock Units ("RSUs") issued on November 20, 2020. |