Thomas Gartland reports 155.323 RSU dividend units; total 24,865.323 ADT shares
Rhea-AI Filing Summary
Reporting person: Thomas M. Gartland, a director of ADT Inc. (ADT), reported a transaction dated 10/02/2025 showing acquisition of 155.323 dividend equivalent units tied to restricted stock units that vest on various dates through 05/21/2026. The acquisition was recorded at a $0 price because these are dividend equivalents credited under the RSU terms. Following the transaction, the report shows total beneficial ownership of 24,865.323 shares (including fractional shares previously unreported due to brokerage practices). The Form 4 was signed by an attorney-in-fact on 10/06/2025.
Positive
- Director received 155.323 dividend-equivalent units tied to existing RSUs
- Vesting extends through 05/21/2026, providing a clear schedule for conversion to shares
- Beneficial ownership disclosure increased to 24,865.323 shares, including fractional shares
Negative
- None.
Insights
Director received dividend-equivalent RSU units that vest through mid-2026.
The reported 155.323 units are dividend equivalents that accrued under existing restricted stock unit terms and carry a recorded price of $0 because they represent credited units rather than a cash purchase. These units will convert into shares upon vesting on specified dates through 05/21/2026.
Key dependencies include the vesting schedule and any employment or board service conditions tied to the RSUs; investors can monitor vesting milestones through 05/21/2026 for changes in share count and potential selling activity.
Transaction is routine director equity compensation with fractional-share disclosure.
The filing clarifies that fractional shares were included because of brokerage reporting practices, which explains the non-integer beneficial ownership total of 24,865.323 shares. The use of an attorney-in-fact signature is typical for administrative filing execution.
Watch for any subsequent Form 4 entries around the listed vesting dates if units vest and are sold or otherwise disposed; such follow-ups would change reported beneficial ownership in near-term filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 155.323 | $0.00 | -- |
Footnotes (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 various dates through May 21, 2026. Amounts include fractional shares, which were not previously reported due to brokerage reporting practices.
FAQ
What did ADT director Thomas M. Gartland report on Form 4 (ADT)?
Why is the transaction price shown as $0 on the Form 4 for ADT?
When do the newly reported units vest for ADT director holdings?
Who signed the Form 4 for Thomas M. Gartland?