Form 4: ADT Inc. EVP & COO Donald M. Young Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Donald M. Young, EVP & COO of ADT Inc., reports acquisition of dividend equivalent units and indirect ownership of common stock through Sweet Yourself LLC.
Summary
- On July 9, 2024, Donald M. Young, the EVP & COO of ADT Inc., reported changes in his beneficial ownership of ADT Inc. securities.
- He acquired 777 dividend equivalent units related to restricted stock units, vesting through March 1, 2026, at a price of $0.
- Young also indirectly owns 2,332,704.5 shares of common stock through Sweet Yourself LLC, an entity he manages.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It allows investors to track the actions of key executives and their potential alignment with company performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the executive's stake in the company.
- It offers insights into management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 07/09/2024 | Date of transaction: acquisition of dividend equivalent units. |
| 07/11/2024 | Date of signature on the report. |
| March 1, 2026 | Latest vesting date for the dividend equivalent units. |
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