The cluster is routine post-vesting selling by two finance executives. No material bearish signal — the dollar amount is trivial relative to market cap. Monitor next 8-K or earnings release for any operational updates, but this filing alone does not warrant a trading response.
Price Chart
Executive Summary
Allegion's CFO and VP/Controller sold a combined $366K in open-market sales on July 23, 2026, following derivative exercises. The sales are modest relative to the $13.2B market cap (0.003%), and the derivative exercises suggest routine tax-related selling rather than a bearish signal.
Key Financial Metrics
Key Facts
- CFO Michael J. Wagnes sold 3,184 shares total ($480K) on July 23, 2026, with $259K in open-market sales and $221K in derivative exercises.
- VP/Controller Nickolas A. Musial sold 687 shares ($106K) on July 23, 2026, following derivative exercises.
- Total open-market sales of $366K represent 0.003% of Allegion's $13.2B market cap, well below the 0.1% materiality threshold.
- All sales were preceded by derivative exercises at $0 or $71.835-$86.93, indicating tax-withholding or cashless exercise patterns, not discretionary bearish bets.
- No other insiders (directors, CEO, other executives) participated in the cluster, limiting the signal's breadth.
Financial Impact
Total open-market sales of $366K, or 0.003% of market cap — immaterial relative to company size.
Risk Factors
- Insider selling could accelerate if the stock price rises further, but current levels are not alarming.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ALLE-1785215090883 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $177.87 | awaiting T+1 | — | $180.55 (+1.51%) |
Oct 27, 2026 today | Insider Cluster | $178.76 | awaiting T+1 | — | $180.55 (+1.00%) |
Oct 26, 2026 1d ago | 144 | $178.22 $180.55 | ▲ +1.31% | ▲ +0.75% | $180.55 (+1.31%) |
Oct 26, 2026 1d ago | 144 | $178.22 $180.55 | ▲ +1.31% | ▲ +0.75% | $180.55 (+1.31%) |
Oct 22, 2026 5d ago | 8-K | $176.52 $178.98 | ▲ +1.39% | ▲ +1.92% | $180.55 (+2.28%) |
Jul 29, 2026 12w ago | Insider Cluster | $157.06 $157.40 | ▲ +0.22% | ▼ −0.50% | $180.55 (+14.96%) |
Jul 27, 2026 13w ago | Insider Cluster | $161.23 $158.47 | ▼ −1.71% | ▼ −0.17% | $180.55 (+11.98%) |
Apr 17, 2026 27w ago | DEFA14A | $144.29 $145.01 | ▲ +0.50% | ▲ +0.69% | $180.55 (+25.13%) |
Apr 15, 2026 27w ago | 8-K | $141.39 $144.29 | ▲ +2.05% | ▲ +0.84% | $180.55 (+27.70%) |
US Market Status
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