Form 4: ADT Inc. EVP & COO Transfers Shares to Family LLC

Donald M. Young, EVP & COO of ADT Inc., reports transferring shares and stock options to Sweet Yourself LLC, an entity he controls for the benefit of his family.

Summary

• Donald M. Young, an EVP & COO at ADT Inc., filed a Form 4 detailing changes in his beneficial ownership of ADT stock and derivative securities.
• On October 4, 2024, Young transferred 780 shares of common stock, dividend equivalent units, to Sweet Yourself LLC, an LLC of which he is the sole member and manager.
• He also transferred several blocks of employee stock options to the LLC, including 1,147,261 options exercisable at $13.30, 143,540 options exercisable at $5.48, 1,261,070 options exercisable at $5.27 and 460,829 options exercisable at $6.51.
• Young disclaims beneficial ownership of these securities, stating the transfer is for the benefit of his descendants and other immediate family members and that the filing is not an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Related Party Transactions

• The transfer of securities to Sweet Yourself LLC, an entity controlled by Donald M. Young, constitutes a related party transaction.

Stakeholder Impact

• The transfer of shares and options has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates