Form 4: Alarm.com Director Harper Receives Stock Grant

Cecile Burleigh Harper, a director at Alarm.com Holdings, Inc., was granted 2,304 restricted stock units on June 6, 2024.

Summary

• Cecile Burleigh Harper, a director of Alarm.com Holdings, Inc., filed a Form 4 on June 7, 2024, reporting a transaction.
• On June 6, 2024, Harper was granted 2,304 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Alarm.com common stock.
• The shares underlying the RSU award vest on the date preceding the Issuer's 2025 annual meeting of stockholders, contingent upon Harper's continued service with the Issuer on that date.
• Following the transaction, Harper beneficially owns 2,304 shares of common stock directly.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• Vesting is tied to continued service, incentivizing the director to remain with the company.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continued service with the company until the date preceding the 2025 annual meeting of stockholders.

Industry Context

Stock grants are a common form of executive compensation in the technology industry, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.

Key Dates