Ravi Vig - 13 May 2022 Form 4 Insider Report for ALLEGRO MICROSYSTEMS, INC. (ALGM)

Role
President and CEO, Director
Signature
/s/ Justin Fontaine, Attorney-in-Fact for Ravi Vig
Issuer symbol
ALGM
Transactions as of
13 May 2022
Transactions value $
-$2,335,790
Form type
4
Date filed
18 May 2022, 20:27
Previous filing
05 May 2022
Next filing
15 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGM Common Stock Award $0 +203K +14.07% $0.00 1.64M 13 May 2022 Direct F1
transaction ALGM Common Stock Award $0 +29.1K +1.77% $0.00 1.67M 13 May 2022 Direct F2
transaction ALGM Common Stock Tax liability -$2.34M -99.5K -5.95% $23.48 1.57M 16 May 2022 Direct F3
transaction ALGM Common Stock Award $0 +88.6K +5.63% $0.00 1.66M 16 May 2022 Direct F4
holding ALGM Common Stock 293K 13 May 2022 By Trust for Child 1
holding ALGM Common Stock 293K 13 May 2022 By Trust for Child 2
holding ALGM Common Stock 293K 13 May 2022 By Trust for Child 3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.