Form 4: Alarm.com CEO Stephen Trundle Sells Shares to Cover Tax Obligations

Alarm.com's CEO, Stephen Trundle, sold 3,626 shares of common stock on May 16, 2025, to cover tax withholding obligations related to the settlement of vested restricted stock units.

Summary

• Stephen Trundle, CEO of Alarm.com Holdings, Inc., reported a transaction on May 16, 2025, involving the sale of 3,626 shares of common stock.
• The sale was executed at a weighted average price of $59.51 per share, with individual transactions ranging from $59.19 to $59.68.
• This sale was mandated by Alarm.com to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Trundle directly owns 247,503 shares of Alarm.com common stock.
• Additionally, Trundle 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale to cover tax obligations, which is a common practice. There is no indication of a change in the company's outlook or management's confidence.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Alarm.com, Stephen Trundle, stock sale, Form 4, tax withholding, restricted stock units, beneficial ownership, ALRM