Form 4: Alarm.com Executive Daniel Kerzner Reports Stock Transaction
SEC Form 4 Filing
Daniel Kerzner, President of Platforms Business at Alarm.com, reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 15, 2024, Daniel Kerzner, President, Platforms Business at Alarm.com Holdings, Inc., disposed of 2,933 shares of common stock to cover tax withholding obligations.
- The shares were disposed of at a price of $70.05 per share.
- Following the transaction, Kerzner directly owns 51,598 shares of Alarm.com common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations on vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (disposal of shares). |
| 05/17/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.