ADT (NYSE: ADT) CEO uses 111,732 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADT Inc. Chairman, President & CEO James David DeVries reported a tax-related share disposition connected to vesting equity awards. On 3/01/2026, 111,732 shares of common stock were withheld at $8.02 per share to satisfy withholding taxes on restricted stock units that vested that day.
After this withholding transaction, DeVries directly owned 1,577,927.832 shares of ADT common stock. He also indirectly owned 3,565,937 shares through Bethel Ventures LLC, an entity he manages with full control and in which he is a beneficial owner together with a family gift trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DeVries James David
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 111,732 | $8.02 | $896K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,577,927.832 shares (Direct);
Common Stock — 3,565,937 shares (Indirect, Bethel Ventures LLC)
Footnotes (1)
- Represents shares withheld to satisfy the withholding tax obligation due on restricted stock units ("RSUs") which vested on 3/01/2026. An LLC of which the reporting person is the manager with full control, and a beneficial owner together with a family gift trust.
FAQ
What insider transaction did ADT (ADT) CEO James DeVries report?
James DeVries reported a tax-withholding disposition of ADT shares. On 3/01/2026, 111,732 common shares were withheld at $8.02 per share to cover taxes on vesting restricted stock units, rather than being sold in an open-market transaction.
What indirect ADT (ADT) holdings does Bethel Ventures LLC report?
The Form 4 reports 3,565,937 ADT common shares held indirectly through Bethel Ventures LLC. The footnotes state DeVries is the manager with full control and a beneficial owner of this LLC, together with a family gift trust.
Was the ADT (ADT) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations on restricted stock units that vested on 3/01/2026, according to the transaction code F footnote.
What does transaction code F mean in the ADT (ADT) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 111,732 ADT shares were withheld to cover the CEO’s tax obligation on vested restricted stock units, rather than being sold in the market.