Form 4: ADT Inc. Executive Todd Dernberger Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
EVP and Chief Growth Officer of ADT Inc., Todd Dernberger, disposed of shares to cover withholding tax obligations related to vested restricted stock units.
Summary
- Todd Dernberger, EVP and Chief Growth Officer of ADT Inc., reported the disposal of common stock to cover tax obligations.
- On March 1, 2025, 3,545 shares were disposed of at a price of $8.19 to cover withholding taxes on vested restricted stock units (RSUs).
- On March 2, 2025, an additional 2,965 shares were disposed of at a price of $8.19 to cover withholding taxes on vested RSUs.
- Following these transactions, Dernberger beneficially owns 59,069 shares of ADT Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, not indicative of a major positive or negative event.
Industry Context
This is a routine transaction; executives often sell shares to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | 3,545 shares of common stock disposed of to cover withholding tax obligation due on restricted stock units (RSUs) which vested on this date. |
| 03/02/2025 | 2,965 shares of common stock disposed of to cover withholding tax obligation due on RSUs which vested on this date. |
| 03/04/2024 | Date of signature by attorney-in-fact. |
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