Arlo CEO receives PSU grant of 757,600 shares; plan amended to add 1.5M inducement shares

Arlo Technologies, Inc.

Compensation Committee approved amendment to 2018 Equity Incentive Plan to reserve 1,500,000 additional shares exclusively for inducement awards to new employees, without stockholder approval.
CEO Matthew McRae granted Performance Stock Unit (PSU) award covering 757,600 shares of common stock.
PSU vests over four years (service condition) plus stock price performance condition in five equal tranches: $7.57, $8.69, $9.97, $11.44, $13.20 per share.
Performance period ends July 28, 2025; unvested PSUs expire if stock price targets not met.
Amendment and grant effective July 28, 2021.

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