Form 4: ADT Inc. Executive Wayne Thorsen Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Wayne Thorsen, EVP and Chief Business Officer of ADT Inc., reports the acquisition of 2,626 dividend equivalent units related to restricted stock units.
Summary
- On April 4, 2024, Wayne Thorsen, the EVP and Chief Business Officer of ADT Inc., acquired 2,626 dividend equivalent units.
- These units are related to awards of restricted stock units and vest on various dates through March 1, 2026.
- The acquisition was made at a price of $0.
- Following the transaction, Thorsen beneficially owns 407,513 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the executive's holdings and any changes thereof.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of dividend equivalent units by an executive.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Wayne Thorsen acquired 2,626 dividend equivalent units. |
| 03/01/2026 | Latest vesting date for the restricted stock units related to the dividend equivalent units. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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