Form 4: Arlo Technologies CEO Matthew McRae Reports Stock Transactions

Arlo Technologies CEO Matthew Blake McRae reports the vesting of performance stock units and subsequent tax withholding.

Summary

• On August 3, 2024, Matthew Blake McRae, CEO of Arlo Technologies, Inc., reported transactions involving Arlo's common stock.
• 26,540 Performance Stock Units (PSUs) vested, each representing a contingent right to receive one share of Arlo's common stock.
• These PSUs vest upon the achievement of both a time-based and a stock price performance-based vesting condition.
• 13,452 shares were withheld to satisfy the reporting person's tax obligation in connection with the vesting of the PSUs at a price of $13.8.
• Following these transactions, McRae directly owns 2,903,746 shares of Arlo Technologies common stock and 265,393 Performance Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the holdings and transactions of key company personnel.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity.

Key Dates