Form 4: Alarm.com Executive Sells Shares to Cover Tax Obligations

Daniel Kerzner, President of Platforms Business at Alarm.com Holdings, Inc., sold 2,820 shares of common stock on April 2, 2024, to cover tax withholding obligations related to vested RSUs.

Summary

• On April 2, 2024, Daniel Kerzner, an officer at Alarm.com Holdings, Inc., sold 2,820 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, Kerzner directly owns 54,531 shares of Alarm.com common stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Executive stock 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.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates