ADT (ADT) EVP David Smail awarded dividend-equivalent stock units
Rhea-AI Filing Summary
ADT Inc. executive David W. Smail, EVP, Chief Legal Officer and Secretary, reported an automatic credit of 236.725 dividend equivalent units tied to ADT common stock on January 8, 2026. These units accrued under existing restricted stock units based on the closing share price on that date and are scheduled to vest on March 1, 2026.
Following this transaction, Smail beneficially owns a total of 399,746.835 shares of ADT common stock in direct form. The transaction was recorded at a price of $0 per unit, reflecting its nature as an equity-based compensation adjustment rather than an open-market purchase.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did ADT (ADT) report for executive David W. Smail?
David W. Smail, ADT's EVP, CLO and Secretary, reported an acquisition of 236.725 dividend equivalent units related to ADT common stock on January 8, 2026.
What are the 236.725 units reported by ADT executive David W. Smail?
The 236.725 units represent dividend equivalent units that accrued under existing restricted stock units, based on ADT's closing stock price on January 8, 2026, and they vest on March 1, 2026.
How many ADT shares does David W. Smail own after this transaction?
After the reported transaction, David W. Smail beneficially owns 399,746.835 shares of ADT common stock in direct ownership form.
Did David W. Smail pay cash for the ADT dividend equivalent units?
No cash was paid for this transaction; the 236.725 dividend equivalent units were recorded at a $0 price per unit as part of equity-based compensation.
When do the newly accrued ADT dividend equivalent units vest?
The dividend equivalent units credited to David W. Smail are scheduled to vest on March 1, 2026, in line with the terms of the related restricted stock units.
What is David W. Smail’s role at ADT (ADT)?
David W. Smail is an officer of ADT, serving as EVP, Chief Legal Officer (CLO) and Secretary, as indicated in the filing.