Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | ADT INC. |
Entity Central Index Key | 0001703056 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | PAY VERSUS PERFORMANCE The Company’s executive compensation philosophy is to pay for performance by providing compensation opportunities designed to align executives’ pay with the Company’s performance, measure the impact of performance against individual objectives and focus on producing sustainable long-term growth. A key component of our pay for performance strategy is to align management’s interests with interests of our stockholders through equity award grants which make up a substantial component of our executive compensation program. For further information concerning executive compensation for our named executive officers (NEOs), see “Executive Compensation—Compensation Discussion and Analysis” on page 22 of this Proxy Statement and the “Elements of Executive Compensation” on page 28 of this Proxy Statement. As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, S-K) Pay versus Performance Disclosure Table The following table discloses, for fiscal years non-CEO Non-CEO S-K. unvested equity-based awards. As a result of the calculation methodology required by the SEC, compensation “actually paid” amounts below differ from compensation actually received by the individuals and the compensation decisions described in the “Executive Compensation—Compensation Discussion and Analysis” section above. Year Summary (1) (2) Compensation (5) Average Non-CEO (3)(4) Average Non-CEO (5) Value of Initial Fixed $100 Net (7) Adjusted (8) Company (6) Peer Group (6) (a) (b) (c) (d) (e) (f) (g) ($000) (h) ($000) (i) 2022 8,826,244 10,598,832 2,465,935 3,690,396 120.70 101.10 172,618 2,446,728 2021 7,479,792 9,809,680 2,854,449 3,830,424 110.00 122.40 (340,820 ) 2,212,579 2020 14,142,293 18,007,358 7,718,158 10,162,481 101.00 107.00 (632,193 ) 2,199,237 (1) The CEO for each year reported was James D. DeVries. (2) The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. DeVries in the “Total” column of the Summary Compensation Table for each applicable year. (3) Non-CEO • 2022: Kenneth Porpora; Jeffrey A. Likosar; Daniel M. Bresingham; David W. Smail; Donald M. Young and Keith F. Holmes (our former Executive Vice President and Chief Revenue Officer). • 2021: Jeffrey A. Likosar; Daniel M. Bresingham; Donald M. Young; Keith F. Holmes and James P. Boyce. • 2020: Jeffrey A. Likosar; Daniel M. Bresingham; Donald M. Young; Jamie E. Haenggi and James P. Boyce. (4) The dollar amounts reported in column (d) represent the average of the amounts reported for our Non-CEO (5) The dollar amounts reported in columns (c) and (e) represent the amount of compensation “actually paid” to the CEO and the average amount of compensation “actually paid” to the Non-CEO S-K. Non-CEO Non-CEO Year Equity Award Adjustments Executives Reported Summary Deduct Value of Add Year-End Change In Change In Deduct Total (i) (ii) (iii) (iv) 2022 CEO 8,826,244 (5,775,000 ) 6,742,711 787,568 (1,211,485 ) 1,228,794 10,598,832 Non-CEO NEOs 2,465,935 (816,662 ) 953,511 262,083 (169,609 ) 995,139 3,690,396 2021 CEO 7,479,792 (4,612,498 ) 5,069,868 923,732 230,284 718,502 9,809,680 Non-CEO 2,854,449 (1,099,997 ) 995,458 302,477 13,503 764,534 3,830,424 2020 CEO 14,142,293 (10,931,453 ) 16,069,483 (191,311 ) (1,022,317 ) (59,337 ) 18,007,358 Non-CEO 7,718,158 (5,959,248 ) 8,599,832 (13,709 ) (127,164 ) (55,388 ) 10,162,481 (a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. The amount reported in this column is subtracted from the Summary Compensation Table Total for the applicable year in connection with computing the amounts “actually paid”. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end top-up top-up (6) The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The peer group TSR represents TSR of the S&P North America Consumer Services Index, which is the industry peer group used for purposes of Item 201(e) of Regulation S-K. (7) Represents, in thousands, the amount of net income (loss), reflected in the Company’s audited financial statements for the year indicated. (8) Represents Adjusted EBITDA as defined above in the “Annual Incentive Compensation” section on page 3 1 | ||
Company Selected Measure Name | Adjusted EBITDA | ||
Named Executive Officers, Footnote [Text Block] | (3) Non-CEO • 2022: Kenneth Porpora; Jeffrey A. Likosar; Daniel M. Bresingham; David W. Smail; Donald M. Young and Keith F. Holmes (our former Executive Vice President and Chief Revenue Officer). • 2021: Jeffrey A. Likosar; Daniel M. Bresingham; Donald M. Young; Keith F. Holmes and James P. Boyce. • 2020: Jeffrey A. Likosar; Daniel M. Bresingham; Donald M. Young; Jamie E. Haenggi and James P. Boyce. | ||
Peer Group Issuers, Footnote [Text Block] | (6) The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The peer group TSR represents TSR of the S&P North America Consumer Services Index, which is the industry peer group used for purposes of Item 201(e) of Regulation S-K. | ||
PEO Total Compensation Amount | $ 8,826,244 | $ 7,479,792 | $ 14,142,293 |
PEO Actually Paid Compensation Amount | $ 10,598,832 | 9,809,680 | 18,007,358 |
Adjustment To PEO Compensation, Footnote [Text Block] | (5) The dollar amounts reported in columns (c) and (e) represent the amount of compensation “actually paid” to the CEO and the average amount of compensation “actually paid” to the Non-CEO S-K. Non-CEO Non-CEO Year Equity Award Adjustments Executives Reported Summary Deduct Value of Add Year-End Change In Change In Deduct Total (i) (ii) (iii) (iv) 2022 CEO 8,826,244 (5,775,000 ) 6,742,711 787,568 (1,211,485 ) 1,228,794 10,598,832 Non-CEO NEOs 2,465,935 (816,662 ) 953,511 262,083 (169,609 ) 995,139 3,690,396 2021 CEO 7,479,792 (4,612,498 ) 5,069,868 923,732 230,284 718,502 9,809,680 Non-CEO 2,854,449 (1,099,997 ) 995,458 302,477 13,503 764,534 3,830,424 2020 CEO 14,142,293 (10,931,453 ) 16,069,483 (191,311 ) (1,022,317 ) (59,337 ) 18,007,358 Non-CEO 7,718,158 (5,959,248 ) 8,599,832 (13,709 ) (127,164 ) (55,388 ) 10,162,481 (a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. The amount reported in this column is subtracted from the Summary Compensation Table Total for the applicable year in connection with computing the amounts “actually paid”. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end top-up top-up | ||
Non-PEO NEO Average Total Compensation Amount | $ 2,465,935 | 2,854,449 | 7,718,158 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,690,396 | 3,830,424 | 10,162,481 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (5) The dollar amounts reported in columns (c) and (e) represent the amount of compensation “actually paid” to the CEO and the average amount of compensation “actually paid” to the Non-CEO S-K. Non-CEO Non-CEO Year Equity Award Adjustments Executives Reported Summary Deduct Value of Add Year-End Change In Change In Deduct Total (i) (ii) (iii) (iv) 2022 CEO 8,826,244 (5,775,000 ) 6,742,711 787,568 (1,211,485 ) 1,228,794 10,598,832 Non-CEO NEOs 2,465,935 (816,662 ) 953,511 262,083 (169,609 ) 995,139 3,690,396 2021 CEO 7,479,792 (4,612,498 ) 5,069,868 923,732 230,284 718,502 9,809,680 Non-CEO 2,854,449 (1,099,997 ) 995,458 302,477 13,503 764,534 3,830,424 2020 CEO 14,142,293 (10,931,453 ) 16,069,483 (191,311 ) (1,022,317 ) (59,337 ) 18,007,358 Non-CEO 7,718,158 (5,959,248 ) 8,599,832 (13,709 ) (127,164 ) (55,388 ) 10,162,481 (a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year. The amount reported in this column is subtracted from the Summary Compensation Table Total for the applicable year in connection with computing the amounts “actually paid”. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end top-up top-up | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
Compensation Actually Paid vs. Net Income [Text Block] | |||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Total Shareholder Return Vs Peer Group [Text Block] | |||
Tabular List [Table Text Block] | Tabular List of Most Important Financial Performance Measures As discussed in the “Executive Compensation—Compensation Discussion and Analysis” section, our executive compensation program is designed to align our executives’ long-term performance with our shareholder interests. The performance metrics used in our incentive compensation plans are carefully selected to support these objectives. The most important financial performance measures used by the Company to link executive compensation “actually paid” to the Company’s NEOs (including the CEO), for the applicable fiscal year, to the Company’s performance are listed below. The performance measures included in the table are not necessarily ranked by relative importance. We do not currently use any other metrics, performance or otherwise, in our incentive compensation plans but may incorporate other metrics in the future. • Adjusted EBITDA • Gross RMR Additions | ||
Total Shareholder Return Amount | $ 120.7 | 110 | 101 |
Peer Group Total Shareholder Return Amount | 101.1 | 122.4 | 107 |
Net Income (Loss) | $ 172,618,000 | $ (340,820,000) | $ (632,193,000) |
Company Selected Measure Amount | 2,446,728,000 | 2,212,579,000 | 2,199,237,000 |
PEO Name | James D. DeVries | ||
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Gross RMR Additions | ||
PEO [Member] | Reported Value of Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (5,775,000) | $ (4,612,498) | $ (10,931,453) |
PEO [Member] | Year End Value Of Unvested Equity Awards Granted In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 6,742,711 | 5,069,868 | 16,069,483 |
PEO [Member] | Change In Value Of Unvested Equity Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 787,568 | 923,732 | (191,311) |
PEO [Member] | Change In Value Of Equity Awards Granted In Prior Years Which Vested In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,211,485) | 230,284 | (1,022,317) |
PEO [Member] | Value Of Equity Awards Granted In Prior Year And Fail To Vest [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,228,794 | 718,502 | (59,337) |
Non-PEO NEO [Member] | Reported Value of Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (816,662) | (1,099,997) | (5,959,248) |
Non-PEO NEO [Member] | Year End Value Of Unvested Equity Awards Granted In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 953,511 | 995,458 | 8,599,832 |
Non-PEO NEO [Member] | Change In Value Of Unvested Equity Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 262,083 | 302,477 | (13,709) |
Non-PEO NEO [Member] | Change In Value Of Equity Awards Granted In Prior Years Which Vested In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (169,609) | 13,503 | (127,164) |
Non-PEO NEO [Member] | Value Of Equity Awards Granted In Prior Year And Fail To Vest [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 995,139 | $ 764,534 | $ (55,388) |