Suman Narayan - May 12, 2023 Form 4 Insider Report for ALLEGRO MICROSYSTEMS, INC. (ALGM)

Role: SVP, Products
Signature: /s/ Matthew Frascella, Attorney-in-Fact for Suman Narayan
Stock symbol: ALGM
Transactions as of: May 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/16/2023, 04:26 PM
Previous filing: Sep 6, 2022
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALGM	Common Stock	Award	$0	+18.1K	+33.17%	$0.00	72.5K	May 12, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 7, 2021, May 16, 2022, and September 1, 2022, the Reporting Person was granted awards of Performance Stock Units ("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 12, 2023, the Compensation Committee of the Issuer's Board of Directors determined that the performance objective goals in each of the PSUs for the period ending March 31, 2023 had been met at 200% of target, for the aggregate number of shares shown. The certified portion of the awards shown remain subject to the time-based vesting conditions and are scheduled to vest in part on May 16, 2023, May 16, 2024, and May 16, 2025, as applicable.

Content

On May 7, 2021, May 16, 2022, and September 1, 2022, the Reporting Person was granted awards of Performance Stock Units ("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 12, 2023, the Compensation Committee of the Issuer's Board of Directors determined that the performance objective goals in each of the PSUs for the period ending March 31, 2023 had been met at 200% of target, for the aggregate number of shares shown. The certified portion of the awards shown remain subject to the time-based vesting conditions and are scheduled to vest in part on May 16, 2023, May 16, 2024, and May 16, 2025, as applicable.