Form 4: Alarm.com Director Donald E. Clarke Reports Stock Grant and Trust Holdings

Director Donald E. Clarke reports the acquisition of restricted stock units and details holdings in various irrevocable trusts.

Summary

• On June 6, 2024, Donald E. Clarke, a director of Alarm.com Holdings, Inc., reported a transaction involving the company's stock.
• Clarke acquired 2,304 shares of common stock through a grant of restricted stock units at a price of $0.
• These restricted stock units vest on the date preceding the company's 2025 annual meeting of stockholders, contingent upon Clarke's continued service.
• Clarke also reported indirect beneficial ownership of common stock held in several irrevocable trusts, including trusts for Ellen C. Whittet, Thomas J. Clarke, Leanne C. Allan, Robin K. Clarke, John A. Clarke, and Donald E. Clarke.
• He disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
• Following the reported transactions, Clarke directly owns 12,443 shares and indirectly owns 1,899 shares through each of the six irrevocable trusts, and 7,520 shares through the Donald E. Clarke Irrevocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with company performance. There are no indications of negative events or concerns.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance.

Future Outlook

The vesting of the restricted stock units is contingent upon the Reporting Person's continued service with the Issuer on the date preceding the date of the Issuer's 2025 annual meeting of stockholders.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Stock grants to directors are a common form of compensation in publicly traded companies, aligning their interests with shareholders.
• The vesting schedule is typical, requiring continued service to earn the shares.

Stakeholder Impact

• The stock grant aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates