Form 4: Arlo Technologies CEO Matthew McRae Reports Stock Transactions
SEC Form 4 Filing
Arlo Technologies CEO Matthew Blake McRae reports the vesting of performance stock units and subsequent tax withholding.
Summary
- On April 4, 2024, Matthew Blake McRae, CEO of Arlo Technologies, Inc., reported transactions involving the company's common stock.
- 94,700 Performance Stock Units (PSUs) vested, each representing a contingent right to receive one share of Arlo's common stock.
- The vesting was contingent upon both a time-based and a stock price performance-based condition being met.
- 48,000 shares were withheld to satisfy the reporting person's tax obligation in connection with the vesting of the PSUs at a price of $11.73.
- Following these transactions, McRae directly owns 2,267,924 shares of Arlo Technologies common stock and 378,800 PSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.
Stakeholder Impact
- Shareholders may be interested in the stock transactions of key executives as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: vesting of PSUs and tax withholding. |
| 07/28/2025 | Expiration date of the Performance Stock Units (PSUs). |
| 04/18/2024 | Date of signature for the report. |
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