Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08
Arlo Technologies, Inc. (NYSE: ARLO) announced equity grants to new employees under its 2018 Equity Incentive Plan on November 15, 2021.
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Rhea-AI Summary
Arlo Technologies, Inc. (NYSE: ARLO) announced equity grants to new employees under its 2018 Equity Incentive Plan on November 15, 2021. The Compensation Committee granted restricted stock units (RSUs) covering 1,002,111 shares, aiming to attract new talent. Of these, 935,000 shares will vest annually over five years, contingent on employee service. Arlo is committed to privacy and security, emphasizing control over personal data. The company continues to innovate in smart home security, delivering award-winning products that enhance user experience.
Positive
- Equity grants of 1,002,111 shares made to attract new talent.
- 935,000 RSUs vesting over five years, encouraging employee retention.
Negative
- None.
Details
News Market Reaction – ARLO
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SAN JOSE, Calif., Nov. 16, 2021 /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 November 15, 2021, Arlo's Compensation Committee granted restricted stock units, or RSUs, to four new non-executive employees covering an aggregate of 1,002,111 shares of the Company's common stock as an inducement for such employees to join the Company.
The RSU's granted to three of the employees, covering an aggregate of 935,000 shares, vest annually over five years, with
About Arlo Technologies, Inc.
Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo's deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company'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 smart connected devices, including wire-free smart Wi-Fi and LTE-enabled security cameras, audio and video doorbells, and floodlight.
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 supporting industry standards for data protection designed to keep users' personal information private and in their control. Arlo doesn't 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.
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