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3 Filing
ADT (ADT) Form 3ADT / Todd Dernberger ownership change
Filed: 3 Mar 25, 6:11am
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/20/2025 |
3. Issuer Name and Ticker or Trading Symbol
ADT Inc. [ ADT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Restricted Stock Units | 65,579(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (2) | 03/27/2027 | Common Stock | 17,511 | 6.31 | D | |
Employee Stock Option (right to buy) | (3) | 01/18/2028 | Common Stock | 6,565 | 13.3 | D | |
Employee Stock Option (right to buy) | (4) | 08/13/2028 | Common Stock | 25,455 | 8.45 | D |
Explanation of Responses: |
1. These restricted stock units vest on various dates through March 8, 2027. |
2. On March 27, 2017, the reporting person was granted stock options. 11,674 of these stock options have fully vested and are fully exercisable. 5,837 of these stock options were 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 5,837 stock options. |
3. The reporting person was granted stock options on January 18, 2018. These stock options have fully vested and are fully exercisable. |
4. The reporting person was granted stock options on August 13, 2018. These stock options have fully vested and are fully exercisable. |
Remarks: |
/s/MaryJon Donnelly, attorney-in-fact | 03/03/2025 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |