Form 4: ADT Inc. Executive Steven Burzo Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Steven Burzo, VP, CAO & Controller of ADT Inc., reports acquiring 256 dividend equivalent units on October 4, 2024.
Summary
- On October 4, 2024, Steven Burzo, VP, CAO & Controller of ADT Inc., acquired 256 dividend equivalent units.
- These units were awarded with respect to restricted stock units and vest on various dates through March 1, 2026.
- Following the transaction, Burzo beneficially owns 75,064 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices, and has neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent units by a company executive as part of their compensation.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of transaction: Steven Burzo acquired 256 dividend equivalent units. |
| 10/08/2024 | Date of signature for the report. |
| March 1, 2026 | Latest vesting date for the restricted stock units related to the dividend equivalent units. |
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