ADT Inc. (NYSE: ADT) CFO granted 1112759 new stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Likosar Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
ADT Inc. reported that executive Jeffrey Likosar, its President of Corporate Development & Transformation and Chief Financial Officer, received a grant of 1112759 employee stock options. The options were awarded at no cost on grant date and represent the right to buy ADT shares in the future.
According to the disclosure, the option award vests in three equal annual installments on March 5, 2027, March 5, 2028, and March 5, 2029, encouraging longer-term executive retention and alignment with shareholder value over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Likosar Jeffrey
Role
Pres Corp Dev & Trans. & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 1,112,759 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 1,112,759 shares (Direct)
Footnotes (1)
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FAQ
What did ADT (ADT) disclose in this Form 4 filing for Jeffrey Likosar?
ADT disclosed a stock option grant to executive Jeffrey Likosar. He received 1112759 employee stock options, awarded at no cost on the grant date, giving him the right to buy ADT shares in the future as the options vest over time.
How many ADT stock options were granted to CFO Jeffrey Likosar?
Jeffrey Likosar was granted 1112759 ADT stock options. These are employee stock options, recorded as a derivative security, and were issued with no cash paid at grant, representing potential future share ownership if exercised after vesting.
When do Jeffrey Likosar’s newly granted ADT stock options vest?
The options vest in three equal annual installments. Vesting occurs on March 5, 2027, March 5, 2028, and March 5, 2029, creating a multi-year schedule that ties the executive’s potential ownership benefits to longer-term service with ADT Inc.
What is the nature of the transaction reported in ADT’s Form 4 for Likosar?
The Form 4 reports an acquisition via grant of stock options. The transaction is coded “A” for grant, award, or other acquisition, reflecting a compensation-related award rather than an open-market stock purchase or sale by the ADT executive.
Does the Form 4 indicate whether Jeffrey Likosar’s ADT options are held directly or indirectly?
The filing shows the options as directly owned. The ownership type is listed as direct, with no separate entity or indirect ownership structure noted in the disclosure, meaning the award is attributed personally to the executive officer.
Why might ADT grant stock options to its CFO and executive Jeffrey Likosar?
Stock options are typically part of long-term incentive compensation. By granting options that vest over several years, ADT links potential financial upside for its CFO to future company performance and ongoing service, aligning executive interests with shareholder outcomes.