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 shares vesting on the second, third and fourth anniversaries of
the vesting date and the remaining 10% of the shares vesting on the
fifth anniversary of the vesting date. In all cases, the RSUs are
contingent on each employee's continued service with the Company at
the applicable vesting date.
About Arlo Technologies, Inc.
Arlo is an award-winning, industry leader that is transforming
the ways in which people can protect everything that matters to
them with advanced home, business, and personal security solutions.
Arlo's deep expertise in AI- and CV-powered analytics, cloud
services, user experience and product design, and innovative
wireless and RF connectivity enables the delivery of a seamless,
smart security experience for Arlo users that is easy to set up and
interact with every day. Arlo's cloud-based platform provides users
with visibility, insight, and a powerful means to help protect and
connect in real-time with the people and things that matter most,
from any location with a Wi-Fi or a cellular connection. Arlo has
recently launched several categories of award-winning connected
devices, software, and services. These include wire-free, smart
Wi-Fi and LTE-enabled security cameras, video doorbells,
floodlights, security system, and Arlo's subscription service, Arlo
Secure.
With a mission to bring users peace of mind, Arlo is as
passionate about protecting user privacy as it is about
safeguarding homes and families. Arlo is committed to implementing
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo provides
enhanced controls for user data, supports privacy legislation,
keeps user data safely secure, and puts security at the forefront
of company culture.
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SOURCE Arlo Technologies, Inc.
