Ravi Vig - Jun 13, 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
Stock symbol
ALGM
Transactions as of
Jun 13, 2022
Transactions value $
-$5,243,174
Form type
4
Date filed
6/15/2022, 06:28 PM
Previous filing
May 18, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGM Common Stock Disposed to Issuer $0 -53.6K -3.22% $0.00 1.61M Jun 13, 2022 Direct F1
transaction ALGM Common Stock Disposed to Issuer $0 -42K -2.61% $0.00 1.57M Jun 13, 2022 Direct F2
transaction ALGM Common Stock Award $0 +485K +30.97% $0.00 2.05M Jun 13, 2022 Direct F3
transaction ALGM Common Stock Tax liability -$5.24M -244K -11.92% $21.45 1.81M Jun 13, 2022 Direct F4
transaction ALGM Common Stock Award $0 +587K +32.47% $0.00 2.39M Jun 13, 2022 Direct F5
holding ALGM Common Stock 293K Jun 13, 2022 By Trust for Child 1
holding ALGM Common Stock 293K Jun 13, 2022 By Trust for Child 2
holding ALGM Common Stock 293K Jun 13, 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 Represents the forfeiture of unvested Restricted Stock Units ("RSUs") issued on November 20, 2020.
F2 Represents the forfeiture of unvested RSUs issued on May 7, 2021.
F3 Represents an award of RSUs granted on June 13, 2022 in connection with Mr. Vig's retirement and in accordance with his Second Amended and Restated Severance Agreement (the "Severance Agreement"). Each RSU represents a contingent right to receive one share of common stock. The RSUs vested on June 13, 2022, but the award remains subject to the terms of the Severance Agreement.
F4 Represents shares withheld to cover taxes due upon the vesting of RSUs that were granted by the Issuer on June 13, 2022.
F5 Represents a portion of outstanding awards of Performance Stock Units ("PSUs") previously granted by the Issuer that remain outstanding and eligible to vest and for which minimum vesting amounts were fixed on June 13, 2022 pursuant to the terms of the Severance Agreement. Subject to the terms of the Severance Agreement, a minimum of 190,339 PSUs are scheduled to vest on December 13, 2022; 58,677 are scheduled to vest on May 16, 2023; 261,188 are scheduled to vest on November 18, 2023; and 76,306 are scheduled to vest on May 16, 2024. The remainder of these PSU awards are still subject to the achievement of the performance conditions, which could result in the vesting of additional shares pursuant to these awards in excess of the amount reported in Table I.