Roald G. Webster - May 15, 2024 Form 4 Insider Report for ALLEGRO MICROSYSTEMS, INC. (ALGM)

Role
SVP, CAO
Signature
/s/ Matthew Frascella, Attorney-in-Fact for Roald G. Webster
Stock symbol
ALGM
Transactions as of
May 15, 2024
Transactions value $
-$92,612
Form type
4
Date filed
5/17/2024, 05:58 PM
Previous filing
May 17, 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 +787 +6.82% $0.00 12.3K May 15, 2024 Direct F1
transaction ALGM Common Stock Award $0 +5.02K +40.71% $0.00 17.3K May 15, 2024 Direct F2
transaction ALGM Common Stock Tax liability -$92.6K -3.11K -17.95% $29.75 14.2K May 16, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 15, 2023, the Reporting Person was granted an award of performance-vesting restricted stock units ("PSUs"), which vests 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 award remains subject to the time-based vesting conditions, and a portion of the award 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 an award of restricted stock units ("RSUs") granted on May 15, 2024. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest in two equal annual installments beginning on May 16, 2025.
F3 Represents shares withheld to cover taxes due upon the vesting of PSUs and RSUs that were previously granted by the Issuer.