Thomas C. Teebagy Jr. - 13 May 2022 Form 4 Insider Report for ALLEGRO MICROSYSTEMS, INC. (ALGM)

Signature
/s/ Erich Manz, Attorney-in-Fact for Thomas C. Teebagy, Jr.
Issuer symbol
ALGM
Transactions as of
13 May 2022
Net transactions value
-$281,572
Form type
4
Filing time
18 May 2022, 20:32:00 UTC
Previous filing
28 Dec 2021
Next filing
08 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGM Common Stock Award $0 +5,599 +8.9% $0.000000 68,696 13 May 2022 Direct F1
transaction ALGM Common Stock Tax liability $281,572 -11,992 -17% $23.48 56,704 16 May 2022 Direct F2
transaction ALGM Common Stock Award $0 +18,740 +33% $0.000000 75,444 16 May 2022 Direct F3
* 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 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.
F2 Represents shares withheld to cover taxes due upon the vesting of RSUs and PSUs that were previously granted by the Issuer.
F3 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.