AI assistant
ALLEGRO MICROSYSTEMS, INC. — Director's Dealing 2022
May 18, 2022
30980_dirs_2022-05-18_e5bfb5de-c1a8-4e7a-9f4e-63116c55f59d.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK: 0000866291
Period of Report: 2022-05-13
Reporting Person: Vig Ravi (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-13 | Common Stock | A | 202704 | — | Acquired | 1643006 | Direct |
| 2022-05-13 | Common Stock | A | 29120 | — | Acquired | 1672126 | Direct |
| 2022-05-16 | Common Stock | F | 99480 | $23.48 | Disposed | 1572646 | Direct |
| 2022-05-16 | Common Stock | A | 88587 | — | Acquired | 1661233 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 293090 | Indirect |
| Common Stock | 293090 | Indirect |
| Common Stock | 293090 | Indirect |
Footnotes
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.
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.
F3: Represents shares withheld to cover taxes due upon the vesting of RSUs and PSUs that were previously granted by the Issuer.
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.