Form 4: ADT Inc. Executive Acquires Dividend Equivalent Units
SEC Form 4 Filing
David W. Smail, EVP, CLO and Secretary of ADT Inc., acquired 236 dividend equivalent units related to restricted stock units.
Summary
- On April 10, 2025, David W. Smail, EVP, CLO and Secretary of ADT Inc., acquired 236 dividend equivalent units.
- These units accrued based on the closing price per share of Common Stock as of April 3, 2025, and vest on various dates through March 1, 2026.
- Following the transaction, Smail directly owns 399,060 shares of ADT Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued stake in the company's performance.
Key Dates
| Date | Description |
|---|---|
| April 3, 2025 | Date used to determine the closing price per share of Common Stock for dividend equivalent unit accrual. |
| April 10, 2025 | Date of the transaction where dividend equivalent units were acquired. |
| April 11, 2025 | Date of signature on the Form 4 filing. |
| March 1, 2026 | Final vesting date for the related restricted stock units. |
Keywords
Form 4, insider trading, dividend equivalent units, David W. Smail, ADT Inc., executive compensation, beneficial ownership
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