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

Rhea-AI Summary

Arlo Technologies (NYSE: ARLO) has announced equity grants to 19 new non-executive employees under its 2018 Equity Incentive Plan, complying with NYSE Rule 303A.08. The grants, made on July 29, 2025, consist of restricted stock units (RSUs) covering 215,881 shares of common stock.

The RSU distribution is structured in two tiers: 17 employees received grants totaling 153,459 shares vesting equally over four years, while the remaining grants of 62,422 shares follow a five-year vesting schedule with varying percentages. All RSUs are contingent on continued employment.

Positive

• None.

Negative

• Potential future dilution from 215,881 new shares

SAN JOSE, Calif., July 29, 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 in accordance with NYSE Rule 303A.08.

On July 29, 2025, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to nineteen new non-executive employees covering an aggregate of 215,881 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 153,459 shares, vest annually in four equal annual installments.  The remaining RSU grants, covering an aggregate of 62,422 shares, vest 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/arlo-technologies-announces-inducement-awards-under-nyse-rule-303a08-302516719.html

SOURCE Arlo Technologies, Inc.

FAQ

How many shares did Arlo Technologies (ARLO) grant in RSUs on July 29, 2025?

Arlo Technologies granted RSUs covering 215,881 shares of common stock to 19 new non-executive employees.

What is the vesting schedule for Arlo Technologies' (ARLO) new RSU grants?

17 employees received RSUs vesting equally over 4 years, while others follow a 5-year schedule with 15% vesting in year 1, 25% in years 2-4, and 10% in year 5.

Why did Arlo Technologies (ARLO) issue these RSU grants?

The RSUs were granted as inducement awards to attract new employees to join the company, issued under the 2018 Equity Incentive Plan in compliance with NYSE Rule 303A.08.

How many new employees received RSU grants from Arlo Technologies?

19 new non-executive employees received RSU grants, with 17 receiving four-year vesting schedules and 2 receiving five-year vesting schedules.