Form 4: ADT Inc. Executive Steven Burzo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Steven Burzo, VP, CAO & Controller of ADT Inc., reports a transaction involving common stock due to the vesting of restricted stock units.
Summary
- On May 9, 2024, Steven Burzo, VP, CAO & Controller of ADT Inc., reported a transaction.
- The transaction involved the withholding of 1,765 common stock shares to satisfy withholding tax obligations due on restricted stock units that vested on the same date.
- Following the transaction, Burzo beneficially owns 74,551 shares of ADT Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership due to standard tax withholding practices.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: shares withheld for tax obligations on vested restricted stock units. |
| 05/13/2024 | Date of signature on the report. |
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