Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08
SAN JOSE, Calif., May 1, 2024 /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., May 1, 2024 /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.
- The RSUs granted to thirteen of the employees, covering an aggregate of 53,498 shares, vest annually in four equal annual installments.
- Upon achievement of the requisite number of incremental cumulative paid subscribers, the corresponding PSUs will be fully vested.
- In all cases, the RSUs and PSUs are contingent on each employee's continued service with the Company at the applicable vesting date.