Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08
SAN JOSE, Calif., Jan. 30, 2023 /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.
- SAN JOSE, Calif., Jan. 30, 2023 /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 January 27, 2023, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to five new non-executive employees covering an aggregate of 27,014 shares of the Company's common stock as an inducement for such employees to join the Company.
- The RSU's granted to the five employees, covering an aggregate of 27,014 shares, vest annually in four equal annual installments.
- In all cases, the RSUs are contingent on each employee's continued service with the Company at the applicable vesting date.