Form 4: ADT Inc. Executive Dernberger Reports Stock Transaction
SEC Form 4 Filing
EVP and Chief Growth Officer of ADT Inc., Todd Dernberger, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- Todd Dernberger, EVP and Chief Growth Officer of ADT Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on March 8, 2025.
- Dernberger disposed of 3,688 shares of common stock to satisfy withholding tax obligations related to vested restricted stock units (RSUs).
- The shares were disposed of at a price of $7.8.
- Following the transaction, Dernberger beneficially owns 55,381 shares of ADT Inc. common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2025 | Date of stock transaction (disposal of shares to cover tax obligations). |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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