Matthew Winter credited 112.174 dividend units; ADT ownership rises

Rhea-AI Filing Summary

Insider purchase via dividend-equivalent units increased beneficial ownership. A Form 4 filed for ADT Inc. (ADT) shows that director Matthew E. Winter was credited with 112.174 dividend equivalent units tied to restricted stock units on 10/02/2025, recorded at a $0 acquisition price because these are accruals rather than cash purchases. After this addition (which includes fractional shares), his total reported beneficial ownership rose to 125,955.174 shares. The dividend-equivalent units vest on 05/21/2026, per the filing.

The filing clarifies the units represent accumulated dividend equivalents under existing restricted stock units and notes fractional shares were previously unreported due to brokerage reporting practices. No derivative transactions, sales, or changes to option holdings are reported on this Form 4.

Positive

• Increased beneficial ownership to 125,955.174 shares could align director interests with shareholders
• Dividend equivalent units reflect ongoing compensation tied to existing RSUs rather than new cash dilution

Negative

• None.

Insights

Corporate Governance Analyst

Small accrual increases a director's stake; timing tied to RSU vesting.

The report documents 112.174 dividend-equivalent units credited to a director on 10/02/2025, increasing beneficial ownership to 125,955.174 shares. These units are non‑cash accruals under existing restricted stock units and do not reflect market purchases or sales.

Because the units vest on 05/21/2026, the director's absolute ownership will not be freely tradable until vesting conditions lapse. Watch for the vesting date and any subsequent Form 4s that report conversion to shares or sales within the following months.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Winter Matthew E

(Last) (First) (Middle)

C/O ADT INC.

1501 YAMATO ROAD

(Street)

BOCA RATON FL 33431

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADT Inc. [ ADT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/02/2025		A		112.174(1)(2)	A	$0	125,955.174	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units, which accrued in accordance with the terms of the restricted stock units based on the closing price per share of Common Stock as of October 2, 2025, and which vest on May 21, 2026.

2. Amounts include fractional shares, which were not previously reported due to brokerage reporting practices.

Remarks:

	/s/MaryJon Donnelly, attorney-in-fact	10/06/2025
	** 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 4 (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.

FAQ

What did ADT (ADT) director Matthew E. Winter report on Form 4?

He was credited with 112.174 dividend-equivalent units tied to restricted stock units on 10/02/2025, increasing his beneficial ownership to 125,955.174 shares.

Did Matthew E. Winter purchase or sell ADT shares in this filing?

No cash purchase or sale was reported; the transaction code reflects accrual of dividend-equivalent units recorded at $0.

When do the credited units vest for ADT insider holdings?

The dividend-equivalent units vest on 05/21/2026, at which point they may convert to shares subject to plan terms.

Why are fractional shares included in the new total ownership figure?

The filing states fractional shares were not previously reported due to brokerage reporting practices and are now included in the 125,955.174 total.

Does this Form 4 report any derivative transactions for ADT insiders?

No derivative securities (options, warrants, or similar) were reported on this Form 4.