Vineet Nargolwala - May 15, 2024 Form 4 Insider Report for ALLEGRO MICROSYSTEMS, INC. (ALGM)

Signature
/s/ Raymond Myer, Attorney-in-Fact for Vineet Nargolwala
Stock symbol
ALGM
Transactions as of
May 15, 2024
Transactions value $
-$718,760
Form type
4
Date filed
5/17/2024, 05:57 PM
Previous filing
Nov 20, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGM Common Stock Award $0 +34.1K +11.28% $0.00 336K May 15, 2024 Direct F1
transaction ALGM Common Stock Tax liability -$719K -24.2K -7.19% $29.75 312K May 16, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 1, 2022 and May 15, 2023, the Reporting Person was granted awards of performance-vesting restricted stock units ("PSUs"), which vest over a three fiscal year period in the form of common stock, contingent upon the Issuer's attainment of certain performance objectives between one and three fiscal years. On May 15, 2024, the Compensation Committee of the Issuer's Board of Directors determined that the performance objective goals of the PSUs for the period ending March 29, 2024 had been met for the aggregate number of shares shown. Following certification, the certified portion of the awards remain subject to the time-based vesting conditions, and a portion of the awards vested on May 16, 2024, and the remaining amounts are scheduled to vest in part on May 16, 2025 and May 16, 2026, as applicable.
F2 Represents shares withheld to cover taxes due upon the vesting of PSUs and restricted stock units that were previously granted by the Issuer.