Form 4: ADT Inc. Executive Steven Burzo Reports Stock Disposals to Cover Tax Obligations

Steven Burzo, VP, CAO & Controller of ADT Inc., reported disposing of shares to cover withholding tax obligations related to vested restricted stock units (RSUs).

Summary

• On March 1, 2024, Steven Burzo, VP, CAO & Controller of ADT Inc., disposed of 4,972 shares of common stock at a price of $7.3 to cover withholding tax obligations related to vested restricted stock units (RSUs).
• Following this transaction, Burzo directly owns 77,459 shares of ADT Inc.
• On March 2, 2024, Steven Burzo, VP, CAO & Controller of ADT Inc., disposed of 1,471 shares of common stock at a price of $7.3 to cover withholding tax obligations related to vested restricted stock units (RSUs).
• Following this transaction, Burzo directly owns 75,988 shares of ADT Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax-related stock disposals and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The disposal of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is related to tax obligations.

Key Dates