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…
