Form 4: ADT Inc. Executive Wayne Thorsen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Wayne Thorsen, EVP and Chief Business Officer of ADT Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 1, 2024, Wayne Thorsen, EVP and Chief Business Officer of ADT Inc., had 13,228 common stock shares withheld to cover withholding tax obligations.
- These shares were related to restricted stock units (RSUs) that vested on the same date.
- Following the transaction, Thorsen directly owns 404,887 shares of ADT Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate 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.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: shares withheld for tax obligations on vested RSUs |
| 03/05/2024 | Date of signature on the Form 4 filing |
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