Arlo amends CEO and GC retention agreements, replaces cash bonus with performance RSUs

Arlo Technologies, Inc.

Committee approved amendment for CEO Matt McRae and GC Brian Busse: final cash bonus replaced with performance-vesting RSUs.
RSU number = $2M (McRae) or $200K (Busse) divided by 30-day trailing avg stock price at grant date after Q3 2024 earnings.
Vesting requires 5M cumulative paid subscribers, blended margins ≥ Required Margin, $300M ARR by Sep 30, 2027, plus continuous service.
Company also posted executive compensation presentation on investor website (Exhibit 99.1).

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