Form 4: ADT Inc. CEO James DeVries Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James David DeVries, Chairman, President & CEO of ADT Inc., reports acquisition of dividend equivalent units and indirect ownership through Bethel Ventures LLC.
Summary
- On July 9, 2024, James David DeVries, the Chairman, President & CEO of ADT Inc., reported changes in his beneficial ownership of ADT Inc. securities.
- He acquired 6,123 dividend equivalent units at a price of $0.
- Following the transaction, DeVries directly owns 1,881,944 shares of common stock.
- He also indirectly owns 3,006,339.5 shares through Bethel Ventures LLC, an LLC where he is the manager with full control, and a beneficial owner together with a family gift trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of dividend equivalent units suggests continued alignment of the CEO's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the CEO's holdings of ADT Inc. securities.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/09/2024 | Date of transaction: Acquisition of dividend equivalent units and reporting of beneficial ownership. |
| 07/11/2023 | Date of signature for the report. |
| March 1, 2026 | Latest vesting date for the dividend equivalent units. |
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