James David DeVries - 21 May 2024 Form 4 Insider Report for ADT Inc. (ADT)

Role
Chairman, President & CEO, Director
Signature
/s/MaryJon Donnelly, attorney-in-fact
Issuer symbol
ADT
Transactions as of
21 May 2024
Transactions value $
$0
Form type
4
Date filed
23 May 2024, 19:11
Previous filing
09 May 2024
Next filing
11 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADT Common Stock Award $0 +560K +22.87% $0.00 3.01M 21 May 2024 Bethel Ventures LLC F1, F2
holding ADT Common Stock 1.88M 21 May 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADT Employee Stock Option (right to buy) Award $0 +388K +50% $0.00 1.16M 21 May 2024 Common Stock 388K $13.30 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options that were granted in 2018 subject to performance-based vesting requirements. On May 21, 2024, after assessing a variety of factors, including alignment of holders' incentives with those of a majority of ADT 's stockholders, the compensation committee of the Board of Directors of ADT Inc. deemed the performance conditions satisfied with respect to these securities.
F2 An LLC of which the reporting person is the manager with full control, and a beneficial owner together with a family gift trust.