Form 4: Alarm.com Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey A. Bedell, a key executive at Alarm.com, sold 1,418 shares of common stock to cover tax withholding obligations related to vested RSUs.
Summary
- On April 2, 2024, Jeffrey A. Bedell, President, Ventures Business and Corporate Strategy at Alarm.com Holdings, Inc., sold 1,418 shares of the company's 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, Bedell still beneficially owns 479,252 shares of Alarm.com common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't convey any strong positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales to cover tax obligations are a common practice and don't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the stock sale transaction. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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