Form 4: Alarm.com CFO Steve Valenzuela Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alarm.com's CFO, Steve Valenzuela, disposed of 2,256 shares of common stock on May 15, 2024, to cover tax withholding obligations related to the settlement of vested restricted stock units.
Summary
- On May 15, 2024, Steve Valenzuela, the CFO of Alarm.com Holdings, Inc., disposed of 2,256 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a price of $70.05 per share.
- Following the transaction, Valenzuela directly owns 33,528 shares of Alarm.com common stock.
Sentiment
Score: 5
Explanation: This is a neutral event; a routine transaction to cover tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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