Stephen Evans - Director | Alarm.com Holdings (ALRM) Executive Profile & Compensation

About Stephen Evans

Rear Admiral (Ret.) Stephen Evans, age 60, is an independent director of Alarm.com Holdings, Inc. (ALRM) who has served on the Board since February 2021. He retired from the U.S. Navy in 2020 after senior command and advisory roles, and holds a B.A. from The Citadel and an M.A. in National Security Affairs from the U.S. Naval War College, with executive education at Harvard, MIT, UVA Darden, and UNC Kenan-Flagler. The Board has affirmatively determined he is independent under Nasdaq listing standards .

Past Roles

Organization	Role	Tenure	Committees/Impact
U.S. Navy	Special Advisor to the Commander, Naval Installations	Most recent prior to retirement in 2020	Senior advisory role on installations and operations
U.S. Navy	Senior Advisor, Deputy U.S. Military, NATO Military Committee	2019–2020	International military policy interface
U.S. Navy	Commander, George H. W. Bush Carrier Strike Group	2017–2019	Operational leadership of a carrier strike group
U.S. Navy	Commander, Naval Service Training Command	2015–2017	Training and leadership development across naval service pipelines
U.S. Navy	Senior Military Assistant to the 75th Secretary of the Navy	2013–2015	Executive liaison to the Secretary; policy and governmental relations

External Roles

Organization	Role	Tenure	Committees/Impact
Merit Medical Systems, Inc. (public)	Director	Since June 2021	Not disclosed in ALRM proxy

Board Governance

Committee assignments (2024): Nominating and Corporate Governance Committee member; not on Audit or Compensation .
Current committee composition (2024): Nom/Gov chaired by Timothy McAdam; members include Evans and Cecile Harper; met 4 times in 2024 .
Independence: Board determined all directors except CEO Stephen Trundle are independent; Evans is independent .
Attendance: The Board met 4 times in 2024; each director attended at least 75% of Board and applicable committee meetings .
Board leadership: Independent Chair (Timothy McAdam) with authority to set agendas and preside over meetings .

Fixed Compensation

Year	Cash Components	Amount ($)	Notes
2024	Annual Board retainer	$40,000	Non-employee director policy
2024	Nominating & Corporate Governance committee member retainer	$5,000	Committee member fee (Nom/Gov)
2024	Total cash fees earned (Evans)	$45,000	As reported in Director Compensation table

Policy details:

Audit Committee member retainer $15,000; Compensation Committee member retainer $7,500 effective 2024; committee chair retainers: Audit $20,000; Compensation $15,000; Nominating & Corporate Governance $10,000 .
Chair of the Board cash retainer increased to $25,000 effective 2024; not applicable to Evans .

Performance Compensation

Grant Type	Standard Annual Grant Policy	2024 Grant Fair Value ($)	Vesting	Notes
RSUs (Annual)	Automatic annual RSU on business day following annual meeting	$145,000	Vests in full the day before the next annual meeting, subject to continued service	Shares calculated using closing price on grant date
Change-in-control	Applies to non-employee director equity	—	Outstanding RSUs granted under policy become fully vested immediately prior to closing	For directors in continuous service until immediately prior to closing
Compensation cap	Annual limit on director cash+equity	$325,000	—	Plan limit per fiscal year
Clawback	Equity subject to clawback policy	—	—	Company clawback applies to awards (2025 Plan)
Options	Not used for directors in recent years	—	—	No option awards reported for Evans in 2024

Outstanding stock awards:

Evans had 2,304 shares underlying outstanding stock awards as of 12/31/2024; no outstanding options .

Director compensation (2024 reported):

Component	Amount ($)
Cash Fees (Evans)	$45,000
Stock Awards (RSUs)	$144,991 (grant-date fair value)
All Other Compensation	$0
Total	$189,991

Other Directorships & Interlocks

Company	Industry Relation to ALRM	Interlock/Conflict Notes
Merit Medical Systems, Inc.	Medical devices; not an ALRM competitor	No related-party transactions or interlocks disclosed in ALRM proxy related to Evans

Expertise & Qualifications

Cyber defense, national security, public policy, governmental relations, and leadership development .
Global leadership experience with international perspective (NATO advisory role; carrier strike group command) .

Equity Ownership

Holder	Beneficial Shares	As-of Date	Notes
Stephen Evans	3,463	March 31, 2025	Does not include 2,304 shares underlying unvested RSUs
Stephen Evans	3,251	March 31, 2024	Prior year reference

Ownership alignment:

Stock ownership guidelines for non-employee directors: lesser of 3× annual cash retainer or 2,500 shares; compliance expected within 5 years .
As of March 31, 2025, all non-employee directors were in compliance except newly appointed Cecile Harper (phase-in until 2029); Evans is in compliance .
Hedging and pledging of company stock are prohibited by insider trading policy, strengthening alignment .

Governance Assessment

Strengths:
- Clear independence and service on Nominating & Corporate Governance Committee; Board-level risk oversight structure in place; Evans contributes to ESG and succession oversight via Nom/Gov charter .
- Good attendance (≥75%) and limited cash fees; equity compensation is time-based RSUs with annual vesting; no options or perquisites reported for Evans .
- Ownership guidelines and anti-hedging/anti-pledging policies; clawback applicability to equity under 2025 Plan enhance investor alignment and accountability .
Potential conflicts/related-party exposure:
- ALRM’s Related Person Transactions policy requires Audit Committee review; no related-person transactions above $120,000 disclosed, and none noted involving Evans in the proxy .
Shareholder sentiment signals:
- Say-on-pay support remained strong (90% approval in 2024), indicating overall confidence in compensation governance framework, indirectly supportive of board oversight quality .
Red flags:
- None material identified for Evans. No tax gross-ups in equity plan; no hedging/pledging; no options repricing; no related-party transactions disclosed .