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Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08

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Arlo Technologies (NYSE: ARLO), a leading smart home security brand, has announced equity grants to new employees under its 2018 Equity Incentive Plan, in compliance with NYSE Rule 303A.08. On July 29, 2024, the company's Compensation and Human Capital Committee granted restricted stock units (RSUs) to 18 new non-executive employees, covering a total of 257,540 shares of common stock.

The RSU grants are structured as follows:

  • 17 employees received RSUs covering 157,540 shares, vesting annually in four equal installments
  • 1 employee received RSUs covering 100,000 shares, vesting annually over five years with varying percentages

All RSUs are contingent on continued employment with Arlo Technologies at the applicable vesting dates.

Arlo Technologies (NYSE: ARLO), un marchio leader nella sicurezza domestica intelligente, ha annunciato assegnazioni di azioni agli nuovi dipendenti nell'ambito del suo Piano di Incentivazione Azionaria 2018, in conformità con la Regola 303A.08 della NYSE. Il 29 luglio 2024, il Comitato per la Retribuzione e il Capitale Umano dell'azienda ha assegnato unità azionarie vincolate (RSU) a 18 nuovi dipendenti non esecutivi, coprendo un totale di 257.540 azioni di azioni ordinarie.

Le assegnazioni di RSU sono strutturate come segue:

  • 17 dipendenti hanno ricevuto RSU che coprono 157.540 azioni, che maturano annualmente in quattro rate uguali
  • 1 dipendente ha ricevuto RSU che coprono 100.000 azioni, che maturano annualmente per cinque anni con percentuali variabili

Tutte le RSU sono subordinate al mantenimento dell'impiego presso Arlo Technologies alle date di maturazione applicabili.

Arlo Technologies (NYSE: ARLO), una marca líder en seguridad para el hogar inteligente, ha anunciado otorgaciones de acciones a nuevos empleados bajo su Plan de Incentivos de Capital de 2018, en cumplimiento de la Regla 303A.08 de la NYSE. El 29 de julio de 2024, el Comité de Compensación y Capital Humano de la compañía otorgó unidades de acciones restringidas (RSUs) a 18 nuevos empleados no ejecutivos, cubriendo un total de 257,540 acciones ordinarias.

Las otorgaciones de RSU se estructuran de la siguiente manera:

  • 17 empleados recibieron RSUs que cubren 157,540 acciones, que se adjudican anualmente en cuatro entregas iguales
  • 1 empleado recibió RSUs que cubren 100,000 acciones, que se adjudican anualmente durante cinco años con porcentajes variables

Todas las RSUs están sujetas a la continuación del empleo con Arlo Technologies en las fechas de adjudicación aplicables.

Arlo Technologies (NYSE: ARLO), 스마트 홈 보안 브랜드의 선두주자가 2018년 주식 인센티브 계획에 따라 신규 직원에 대한 주식 보상을 발표했습니다. 이는 NYSE 규칙 303A.08에 준수합니다. 2024년 7월 29일, 회사의 보상 및 인적 자원 위원회는 18명의 신규 비임원 직원에게 제한된 주식 단위(RSUs)를 부여했으며, 총 257,540주의 보통주를 포함합니다.

RSU 부여는 다음과 같이 구성되어 있습니다:

  • 17명의 직원은 157,540주를 포함하는 RSU를 받고, 이는 4회에 걸쳐 연간 평등하게 지급됩니다.
  • 1명의 직원은 100,000주를 포함하는 RSU를 받고, 이는 5년에 걸쳐 매년 다양한 비율로 지급됩니다.

모든 RSU는 해당 지급일에 Arlo Technologies에서의 근무 지속에 따라 달라집니다.

Arlo Technologies (NYSE: ARLO), une marque leader dans la sécurité domestique intelligente, a annoncé des attributions d'actions aux nouveaux employés dans le cadre de son Plan d'Incentives en Actions de 2018, en conformité avec la règle 303A.08 de la NYSE. Le 29 juillet 2024, le Comité de Rémunération et de Capital Humain de l'entreprise a attribué des unités d'actions restreintes (RSU) à 18 nouveaux employés non exécutifs, couvrant un total de 257 540 actions ordinaires.

Les attributions de RSU sont structurées comme suit :

  • 17 employés ont reçu des RSU couvrant 157 540 actions, qui se débloquent annuellement en quatre tranches égales.
  • 1 employé a reçu des RSU couvrant 100 000 actions, qui se débloquent annuellement sur cinq ans avec des pourcentages variables.

Toutes les RSU sont conditionnées à la poursuite de l'emploi au sein d'Arlo Technologies aux dates de déblocage applicables.

Arlo Technologies (NYSE: ARLO), eine führende Marke für intelligente Sicherheitslösungen für das Zuhause, hat Aktienzuteilungen an neue Mitarbeiter im Rahmen seines Aktienanreizplans von 2018 bekannt gegeben, gemäß der NYSE-Regel 303A.08. Am 29. Juli 2024 hat der Vergütungsausschuss des Unternehmens restricted stock units (RSUs) an 18 neue nicht-executive Mitarbeiter vergeben, die insgesamt 257.540 Aktien des Stammkapitals abdecken.

Die RSU-Zuteilungen sind wie folgt strukturiert:

  • 17 Mitarbeiter erhielten RSUs, die 157.540 Aktien abdecken und jährlich in vier gleichen Raten fällig werden.
  • 1 Mitarbeiter erhielt RSUs, die 100.000 Aktien abdecken, die jährlich über fünf Jahre mit variierenden Prozentsätzen fällig werden.

Alle RSUs sind an die Fortsetzung der Beschäftigung bei Arlo Technologies zu den jeweiligen Fälligkeitsterminen gebunden.

Positive
  • Arlo Technologies is attracting new talent with equity incentives
  • The company is aligning employee interests with shareholder interests through RSU grants
  • Structured vesting schedules encourage long-term employee retention
Negative
  • Potential dilution of existing shareholders' equity due to the issuance of 257,540 new shares

SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced that it had made equity grants to new employees under its 2018 Equity Incentive Plan (the "Plan") in accordance with NYSE Rule 303A.08.

On July 29, 2024, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to eighteen new non-executive employees covering an aggregate of 257,540 shares of the Company's common stock as an inducement for such employees to join the Company.

The RSU's granted to seventeen of the employees, covering an aggregate of 157,540 shares, vest annually in four equal annual installments. The remaining RSU grant, covering an aggregate of 100,000 shares, vests annually over five years, with 15% of the shares vesting on the first anniversary of the vesting date, 25% of the shares vesting on the second, third and fourth anniversaries of the vesting date and the remaining 10% of the shares vesting on the fifth anniversary of the vesting date. In all cases, the RSUs are contingent on each employee's continued service with the Company at the applicable vesting date.

About Arlo Technologies, Inc.

Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo's deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo's cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo's subscription services: Arlo Secure and Arlo Safe.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users' personal information private and in their control. Arlo does not monetize personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

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SOURCE Arlo Technologies, Inc.

FAQ

How many new employees received RSU grants from Arlo Technologies (ARLO) on July 29, 2024?

Arlo Technologies (ARLO) granted restricted stock units (RSUs) to 18 new non-executive employees on July 29, 2024.

What is the total number of shares covered by the RSU grants issued by Arlo Technologies (ARLO)?

The RSU grants issued by Arlo Technologies (ARLO) cover a total of 257,540 shares of the company's common stock.

How are the RSU grants structured for most of the new employees at Arlo Technologies (ARLO)?

For 17 of the 18 new employees, the RSU grants covering 157,540 shares vest annually in four equal installments.

What is the vesting schedule for the largest individual RSU grant made by Arlo Technologies (ARLO)?

The largest individual RSU grant, covering 100,000 shares, vests annually over five years with 15% in the first year, 25% in years 2-4, and 10% in the fifth year.

Arlo Technologies, Inc.

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