Form 4: ADT Inc. Executive Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
David W. Smail, EVP, CLO and Secretary of ADT Inc., reports disposals of common stock to cover withholding tax obligations related to vested restricted stock units.
Summary
- David W. Smail, an executive at ADT Inc., filed a Form 4 detailing changes in beneficial ownership of ADT's common stock.
- The report indicates that Smail disposed of shares on March 1, 2024, and March 2, 2024, to satisfy withholding tax obligations related to vested restricted stock units (RSUs).
- On March 1, 2024, 24,390 shares were disposed of at a price of $7.3.
- On March 2, 2024, 12,992 shares were disposed of at a price of $7.3.
- Following these transactions, Smail directly owns 423,056 shares of ADT Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 24,390 shares of common stock to cover tax obligations. |
| 03/02/2024 | Disposal of 12,992 shares of common stock to cover tax obligations. |
| 03/05/2024 | Date of Form 4 filing. |
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