Form 4: Alarm.com CEO Stephen Trundle Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Stephen Trundle, CEO of Alarm.com Holdings, Inc., reported the disposal of 4,512 shares to cover tax withholding obligations related to vested restricted stock units.
Summary
- On May 15, 2024, Stephen Trundle, the CEO of Alarm.com Holdings, Inc., disposed of 4,512 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $70.05 per share.
- Following the transaction, Trundle directly owns 229,937 shares.
- Trundle also indirectly owns 1,289,343 shares through Backbone Partners, LLC, 259,687 shares through the Stephen Trundle 2015 Gift Trust, and 9,862 shares through the Footings Advancement Trust.
- Trundle disclaims beneficial ownership of shares held by Backbone Partners, LLC, the Stephen Trundle 2015 Gift Trust, and the Footings Advancement Trust, except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction where shares were disposed of to cover tax withholding. |
| 05/17/2024 | Date of signature by Daniel Ramos, Attorney-in-Fact. |
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