ADT.NYSEAdt INC

Form 4: ADT Inc. EVP & COO Donald M. Young Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Donald M. Young, EVP & COO of ADT Inc., reports the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

  • On March 1, 2024, Donald M. Young, EVP & COO of ADT Inc., had 24,365 shares withheld to cover tax obligations related to vested restricted stock units at a price of $7.3.
  • Following this transaction, Mr. Young directly owns 219,854 shares of ADT Inc. common stock.
  • On March 2, 2024, 12,992 shares were withheld to satisfy the withholding tax obligation due on RSUs which vested on 3/02/2024 at a price of $7.3.
  • Following this transaction, Mr. Young directly owns 206,862 shares of ADT Inc. common stock.
  • Mr. Young also indirectly owns 1,525,248.5 shares through Sweet Yourself LLC and 192,818 shares through 203 Security LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in company operations.

Key Dates

DateDescription
03/01/202424,365 shares withheld to satisfy tax obligations on vested RSUs.
03/02/202412,992 shares withheld to satisfy tax obligations on vested RSUs.
03/05/2024Date of signature for the Form 4 filing.

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