Form 4: Arlo Technologies CFO Kurtis Joseph Binder Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kurtis Joseph Binder, CFO of Arlo Technologies, reports acquisition and disposal of common stock due to vesting of restricted stock units and tax obligations.
Summary
- On March 1, 2024, Kurtis Joseph Binder, the CFO of Arlo Technologies, acquired 26,982 shares of common stock at $0.
- On the same day, Binder disposed of 14,335 shares of common stock at a price of $11.83 per share to satisfy tax obligations related to the vesting of restricted stock units.
- Following these transactions, Binder directly owns 699,038 shares of Arlo Technologies common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock acquisition and disposal |
| 03/05/2024 | Date of signature by Attorney-in-Fact |
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