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

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Arlo Technologies (NYSE: ARLO) has announced equity grants to new employees under its 2018 Equity Incentive Plan, complying with NYSE Rule 303A.08. The company's Compensation and Human Capital Committee awarded restricted stock units (RSUs) to seventeen new non-executive employees, totaling 207,226 shares of common stock.

The RSU distribution is structured in two distinct vesting schedules: Fifteen employees received grants totaling 103,943 shares that vest in four equal annual installments. The remaining grant of 103,283 shares follows a five-year vesting schedule: 15% after year one, 25% in years two through four, and 10% in year five. All RSUs are contingent on continued employment with Arlo.

Arlo Technologies (NYSE: ARLO) ha annunciato l'assegnazione di azioni a nuovi dipendenti nell'ambito del suo Piano di Incentivazione azionaria del 2018, in conformità con la Regola 303A.08 della NYSE. Il Comitato per la Compensazione e il Capitale Umano dell'azienda ha conferito unità azionarie vincolate (RSU) a diciassette nuovi dipendenti non esecutivi, per un totale di 207.226 azioni ordinarie.

La distribuzione delle RSU è strutturata su due distinti programmi di maturazione: quindici dipendenti hanno ricevuto assegnazioni totali di 103.943 azioni che maturano in quattro rate annuali uguali. L'assegnazione rimanente di 103.283 azioni segue un programma di maturazione di cinque anni: il 15% dopo il primo anno, il 25% nel secondo, terzo e quarto anno, e il 10% nel quinto anno. Tutte le RSU sono subordinate al mantenimento dell'impiego presso Arlo.

Arlo Technologies (NYSE: ARLO) ha anunciado la concesión de acciones a nuevos empleados bajo su Plan de Incentivo de Capital del 2018, cumpliendo con la Regla 303A.08 de la NYSE. El Comité de Compensación y Capital Humano de la empresa otorgó unidades de acciones restringidas (RSUs) a diecisiete nuevos empleados no ejecutivos, totalizando 207,226 acciones comunes.

La distribución de RSU está estructurada en dos programas de adquisición distintos: quince empleados recibieron concesiones por un total de 103,943 acciones que se adquieren en cuatro cuotas anuales iguales. La concesión restante de 103,283 acciones sigue un programa de adquisición de cinco años: el 15% después del primer año, el 25% en los años dos a cuatro, y el 10% en el quinto año. Todas las RSU están condicionadas a la continuidad del empleo con Arlo.

Arlo Technologies (NYSE: ARLO)는 2018년 주식 인센티브 계획에 따라 새로운 직원들에게 주식 보상을 발표했으며, NYSE 규칙 303A.08을 준수하고 있습니다. 회사의 보상 및 인적 자원 위원회는 17명의 새로운 비임원 직원에게 총 207,226주의 제한 주식 단위(RSU)를 수여했습니다.

RSU 배분은 두 개의 다른 기슐 일정으로 구성되어 있습니다: 15명의 직원은 103,943주를 네 번에 걸쳐 같은 양으로 지급받는 보상을 받았습니다. 남은 103,283주의 보상은 5년 기슐 계획을 따릅니다: 첫 해 후 15%, 두 번째에서 네 번째 해에 25%, 다섯 번째 해에 10%입니다. 모든 RSU는 Arlo와의 고용 지속성에 따라 달라집니다.

Arlo Technologies (NYSE: ARLO) a annoncé des attributions d'actions aux nouveaux employés dans le cadre de son Plan d'Incentive en Actions de 2018, conformément à la Règle 303A.08 de la NYSE. Le Comité de Rémunération et de Capital Humain de l'entreprise a attribué des unités d'actions restreintes (RSU) à dix-sept nouveaux employés non exécutifs, totalisant 207.226 actions ordinaires.

La distribution des RSU est structurée en deux calendriers de vesting distincts : quinze employés ont reçu des attributions totalisant 103.943 actions qui se libèrent en quatre versements annuels égaux. L'attribution restante de 103.283 actions suit un calendrier de vesting de cinq ans : 15% après la première année, 25% à partir de la deuxième année jusqu'à la quatrième année, et 10% la cinquième année. Toutes les RSU sont conditionnées à la continuité de l'emploi avec Arlo.

Arlo Technologies (NYSE: ARLO) hat die Gewährung von Aktienoptionen an neue Mitarbeiter im Rahmen seines Equity Incentive Plans von 2018 bekannt gegeben, in Übereinstimmung mit der NYSE-Regel 303A.08. Der Vergütungs- und Humankomitee des Unternehmens hat insgesamt 207.226 Stammaktien in Form von Restricted Stock Units (RSUs) zugesprochen.

Die Verteilung der RSUs ist in zwei unterschiedliche Vesting-Pläne gegliedert: Fünfzehn Mitarbeiter erhielten Zuwendungen in Höhe von insgesamt 103.943 Aktien, die in vier gleichen jährlichen Raten fällig werden. Die verbleibende Vergabe von 103.283 Aktien folgt einem fünfjährigen Vesting-Zeitplan: 15% nach dem ersten Jahr, 25% in den Jahren zwei bis vier und 10% im fünften Jahr. Alle RSUs sind an die Fortführung des Arbeitsverhältnisses mit Arlo gebunden.

Positive
  • Employee retention strategy implemented through structured RSU grants
  • Successful recruitment of 17 new non-executive employees indicating company growth
Negative
  • Potential future dilution of shareholders' equity due to 207,226 new shares

SAN JOSE, Calif., Feb. 7, 2025 /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 February 7, 2025, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to seventeen new non-executive employees covering an aggregate of 207,226 shares of the Company's common stock as an inducement for such employees to join the Company.

The RSU's granted to fifteen of the employees, covering an aggregate of 103,943 shares, vest annually in four equal annual installments. The remaining RSU grant, covering an aggregate of 103,283 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. Arlo has recently 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 service, Arlo Secure. 

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 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 shares did Arlo Technologies (ARLO) grant in RSUs on February 7, 2025?

Arlo Technologies granted a total of 207,226 shares in RSUs to seventeen new non-executive employees.

What is the vesting schedule for Arlo's (ARLO) February 2025 RSU grants?

There are two vesting schedules: 15 employees receive four equal annual installments, while the remaining grant vests over five years with 15% in year one, 25% in years two through four, and 10% in year five.

How many new employees received RSU grants from Arlo (ARLO) in February 2025?

Seventeen new non-executive employees received RSU grants from Arlo Technologies.

What is the purpose of Arlo's (ARLO) February 2025 equity grants?

The equity grants serve as inducement awards to attract new employees to join the company, granted under Arlo's 2018 Equity Incentive Plan in accordance with NYSE Rule 303A.08.

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