Mattingly Gordon 4
4 · Arlo Technologies, Inc. · Filed Feb 1, 2022
Insider Transaction Report
Form 4
Mattingly Gordon
Chief Financial Officer
Transactions
- Award
Common Stock
2022-01-28+48,972→ 802,872 total - Award
Performance Restricted Stock Units (PSUs)
2022-01-28+65,859→ 65,859 total→ Common Stock (65,859 underlying) - Award
Performance Restricted Stock Units (PSUs)
2022-01-28+65,858→ 65,858 total→ Common Stock (65,858 underlying) - Award
Common Stock
2022-01-28+131,718→ 753,900 total - Tax Payment
Common Stock
2022-01-31$8.69/sh−284$2,468→ 802,588 total
Footnotes (5)
- [F1]On February 5, 2021, the Reporting Person was granted a performance-based RSU, which was voluntarily reported on a Form 4 filed February 9, 2021. On January 28, 2022, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU which vests in four equal annual installments.
- [F2]Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units.
- [F3]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon the achievement of certain financial milestones. Subject to achievement of such milestones, each PSU will vest in four equal annual installments. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 120% of the number of target shares.
- [F5]Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon total relative shareholder return during certain established performance periods over a period of four years. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 200% of the number of target shares.