Alarm.com officer sells 3,944 shares for tax withholding
Alarm.com Holdings, Inc. officer Daniel Kerzner reported an open-market sale of 3,944 shares of common stock at a weighted average price of $43.78 per share.
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Rhea-AI Filing Summary
Alarm.com Holdings, Inc. officer Daniel Kerzner reported an open-market sale of 3,944 shares of common stock at a weighted average price of $43.78 per share. According to the filing, the sale was required to cover tax withholding on vested restricted stock units under the company’s equity incentive plans and was not a discretionary trade. Following this transaction, Kerzner directly holds 101,141 shares of Alarm.com common stock.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,944 | $43.78 | $173K |
Footnotes (2)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the settlement of vested restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.57 - $44.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Key Terms
sell to cover financial
restricted stock units financial
weighted average price financial
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What insider transaction did Alarm.com (ALRM) report for Daniel Kerzner?
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