ADT (NYSE: ADT) director awarded 26K restricted stock units, defers shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADT Inc. director Paul Joseph Smith reported an equity compensation award rather than an open-market trade. He received 26,354.319 shares of common stock in the form of a 2026 annual grant of restricted stock units, with no cash price per share shown.
The restricted stock units vest 100% on May 27, 2027, after which they convert into common shares. Smith has elected to defer receipt of the underlying common stock until his retirement from the Board of Directors under ADT’s Deferred Compensation Plan, and his direct holdings after the award total 44,582.497 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Paul Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,354.319 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 44,582.497 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 26,354.319 shares
Post-transaction holdings: 44,582.497 shares
Transaction price: $0.0000 per share
+1 more
4 metrics
RSU grant size
26,354.319 shares
2026 annual restricted stock unit grant
Post-transaction holdings
44,582.497 shares
Direct common stock held after grant
Transaction price
$0.0000 per share
Grant, award, or other acquisition code A
Vesting date
May 27, 2027
100% vesting of 2026 RSU grant
Key Terms
Restricted Stock Units, Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
Restricted Stock Units financial
"Reflects the 2026 annual grant of Restricted Stock Units which vest 100% on 5/27/2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Deferred Compensation Plan financial
"until retirement from the Board of Directors, pursuant to the terms of the Issuer's Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did ADT (ADT) director Paul Joseph Smith report?
Paul Joseph Smith reported an equity compensation grant, not a market purchase or sale. He received 26,354.319 shares of ADT common stock as a 2026 annual restricted stock unit award, which will vest in full on May 27, 2027, subject to plan terms.
When do Paul Joseph Smith’s 2026 ADT restricted stock units vest?
The 2026 restricted stock units granted to Paul Joseph Smith vest 100% on May 27, 2027. At vesting, the units convert into shares of ADT common stock, subject to the company’s equity plan and his separate election to defer receipt until retirement from the Board.
Did Paul Joseph Smith defer receipt of his new ADT restricted stock units?
Yes. Smith elected to defer receipt of the ADT common shares underlying these restricted stock units until his retirement from the Board of Directors. This deferral is made pursuant to ADT’s Deferred Compensation Plan, as described in the Form 4 footnote accompanying the transaction disclosure.
Was Paul Joseph Smith’s ADT Form 4 transaction an open-market buy or sell?
No. The Form 4 reports a grant classified as a grant, award, or other acquisition, not an open-market transaction. The 26,354.319-share award represents equity compensation in restricted stock units with a zero transaction price, rather than a discretionary stock purchase or sale.