Form 4: Alarm.com Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel Ramos, Chief Legal and Compliance Officer of Alarm.com Holdings, Inc., sold 1,418 shares of common stock on April 2, 2024, to cover tax withholding obligations related to vested RSUs.
Summary
- On April 2, 2024, Daniel Ramos, Chief Legal and Compliance Officer of Alarm.com Holdings, Inc., sold 1,418 shares of 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, Ramos directly owns 38,282 shares of Alarm.com common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Executive share sales are a common occurrence and are often related to compensation and tax planning. This transaction appears to be a routine 'sell to cover' to meet tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the transaction (sale of shares) |
| 04/03/2024 | Date of signature on the Form 4 filing |
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