Form 4: Alarm.com CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alarm.com's CFO, Steve Valenzuela, sold 1,716 shares of common stock on April 2, 2024, to cover tax withholding obligations related to vested RSUs.
Summary
- On April 2, 2024, Steve Valenzuela, the Chief Financial Officer of Alarm.com Holdings, Inc., sold 1,716 shares of the company's common stock.
- The sale was executed to cover tax withholding obligations associated with the settlement of vested Restricted Stock Units (RSUs).
- The shares were sold at a weighted average price of $70, with individual transactions ranging from $69.46 to $70.45.
- Following the transaction, Valenzuela directly owns 35,784 shares of Alarm.com.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine transaction for executives to cover tax obligations when equity vests. It doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares by the CFO has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the transaction (sale of shares). |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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