JOSE, Calif., July 26,
2022 /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
On July 25, 2022, Arlo's
Compensation Committee granted restricted stock units, or RSUs, to
fifteen new non-executive employees covering an aggregate of
329,881 shares of the Company's common stock as an inducement for
such employees to join the Company.
The RSU's granted to the fifteen employees, covering an
aggregate of 329,881 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
About Arlo Technologies, Inc.
Arlo is the award-winning, industry leader that is transforming
the way people experience the connected lifestyle. Arlo's deep
expertise in product design, wireless connectivity, cloud
infrastructure and cutting-edge AI capabilities focuses on
delivering a seamless, smart home experience for Arlo users that is
easy to setup and interact with every day. The company'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. To date, Arlo has launched several
categories of award-winning smart connected devices, including
wire-free smart Wi-Fi and LTE-enabled security cameras, audio and
video doorbells, and floodlight.
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 supporting
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo doesn't
monetize personal data, provides enhanced controls for user data,
supports privacy legislation, keeps user data safely secure, and
puts security at the forefront of company culture.
Arlo Investor Relations
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SOURCE Arlo Technologies, Inc.