Arlo Technologies replaces executive cash retention bonuses with performance stock units
Arlo amended the 2022 retention agreements with CEO Matt McRae and General Counsel Brian Busse. The final cash bonus of $2,000,000 for McRae and $200,000 for Busse is replaced by performance stock unit awards that vest only if the company meets subscriber, margin, and recurring revenue targets through September 30, 2027. The company also published a presentation on its executive pay program after its 2024 say-on-pay vote received about 41% support.
Key points
- The final cash retention bonuses of $2,000,000 (McRae) and $200,000 (Busse) become performance stock unit awards, with the share count set by the 30-day trailing average price at the grant date.
- Awards vest on 5,000,000 cumulative paid subscribers and at least $300,000,000 in annual recurring revenue by September 30, 2027, plus a blended margin test and continued service through the later of October 1, 2025 or the date the other co
- The say-on-pay vote at the 2024 annual meeting gained approximately 41% support; a November 7, 2024 presentation (Exhibit 99.1) describes the company's response.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
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