ADT.NYSEAdt INC

Form 4: ADT Inc. CEO James DeVries Reports Changes in Beneficial Ownership After RSU Vesting

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SEC Form 4 Filing

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James DeVries, Chairman, President & CEO of ADT Inc., reports changes in beneficial ownership due to shares withheld for tax obligations upon the vesting of restricted stock units.

Summary

  • On March 1, 2025, James David DeVries, Chairman, President & CEO of ADT Inc., had 108,834 common stock shares withheld to cover tax obligations related to vested restricted stock units (RSUs) at a price of $8.19 per share.
  • Following this transaction, DeVries directly owns 1,785,594 shares of ADT Inc. common stock.
  • On March 2, 2025, an additional 103,283 common stock shares were withheld for tax obligations related to vested RSUs, also at $8.19 per share, resulting in direct ownership of 1,682,311 shares.
  • DeVries also indirectly owns 3,006,339.5 shares through Bethel Ventures LLC, where he serves as the manager with full control, and a family gift trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding changes in beneficial ownership, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
03/01/2025108,834 shares withheld for tax obligations on vested RSUs.
03/02/2025103,283 shares withheld for tax obligations on vested RSUs.
03/04/2024Date of signature by attorney-in-fact.

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