Arlo (NYSE: ARLO) CFO logs stock grant and tax-related share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arlo Technologies Chief Financial Officer Kurtis Joseph Binder reported two stock transactions. On February 27, he acquired 22,204 shares of common stock as a grant at no cost, increasing his direct holdings. On March 3, he sold 12,539 shares at a weighted average price of $14.9281 per share to satisfy estimated tax withholding obligations upon settlement of restricted stock units. After these transactions, he directly owned 470,635 shares of Arlo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,539 shares ($187,183)
Net Sell
2 txns
Insider
Binder Kurtis Joseph
Role
CHIEF FINANCIAL OFFICER
Sold
12,539 shs ($187K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,539 | $14.9281 | $187K |
| Grant/Award | Common Stock | 22,204 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 470,635 shares (Direct)
Footnotes (1)
- Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of restricted stock units. The weighted average sale price for the transaction reported was $14.9281, and the range of prices were between $14.87 and $14.9285. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
FAQ
What insider transactions did Arlo (ARLO) CFO Kurtis Binder report?
Arlo CFO Kurtis Binder reported receiving a 22,204-share stock grant on February 27 and selling 12,539 shares on March 3. The sale was used to cover estimated tax withholding obligations from restricted stock unit settlement.
What stock award did the Arlo (ARLO) CFO receive on February 27?
On February 27, Kurtis Binder acquired 22,204 shares of Arlo common stock as a grant or award at $0.00 per share. This award increased his direct ownership and reflects equity-based compensation rather than a purchase in the market.
What does the weighted average sale price disclosure mean for Arlo (ARLO) CFO’s trade?
The filing lists a weighted average sale price of $14.9281 per share, with individual sale prices ranging from $14.87 to $14.9285. The company offers to provide detailed share counts at each price upon request to regulators or security holders.