ADT Inc SEC Filings

ADT Inc. refinanced its capital structure and redeemed legacy debt. The company added $300,000,000 of incremental first lien senior secured Term B-2 loans and, after this addition, had approximately $1,445,000,000 of Term B-2 loans outstanding. ADT also entered a new Term Loan Credit Agreement for $325,000,000 of first lien senior secured Term A loans maturing on October 28, 2030, subject to a springing maturity 91 days before certain debt maturities if at least $350,000,000 remains outstanding.

Proceeds from the new Term B-2 loans, together with an offering of 5.875% first‑priority senior secured notes due 2033 and cash on hand, were used to redeem in full $1,300,000,000 of 6.250% Second‑Priority Senior Secured Notes due 2028 at 100% of principal plus accrued interest of $22,569,444.44 (paid on October 27, 2025). The Term A loans amortize at 2.5% annually through March 31, 2028 and 5.0% thereafter, payable quarterly, and bear interest at Term SOFR plus 1.50% (elected by the borrowers). The facility includes customary security, guarantees and a quarterly-tested maximum consolidated net first lien leverage ratio beginning Q1 2026.

ADT Inc. announced that its subsidiary completed an offering of $1.0 billion aggregate principal amount of 5.875% first‑priority senior secured notes due 2033. The company expects to use the note proceeds, together with incremental first lien senior secured term loans and cash on hand, to redeem in full $1.3 billion of outstanding 6.250% second‑priority senior secured notes due 2028 and pay related fees and expenses.

The new notes pay interest semi‑annually on January 15 and July 15, beginning January 15, 2026, and mature on October 15, 2033. They are guaranteed on a senior secured first‑priority basis by Prime Borrower and certain subsidiaries and are secured by first‑priority liens on substantially all assets of the issuer and guarantors. The issuer may redeem at par on or after October 15, 2032, and holders have a 101% change‑of‑control put, subject to customary covenants and events of default.

Insider transaction summary: An ADT Inc. officer, Jeffrey Likosar (Pres Corp Dev & Trans. & CFO), reported on Form 4 that 339.019 dividend equivalent units were acquired on 10/02/2025 and were recorded at a price of $0. Those units represent dividend equivalents tied to restricted stock units and vest on 03/01/2026. The filing discloses fractional shares and notes that two LLCs for which he is member/manager hold 1,899,274 and 575,280 shares respectively. The report is signed by an attorney-in-fact on 10/06/2025.

The filing is administrative in nature: it records a non-cash accrual of dividend-equivalent units that will convert to ordinary shares at vesting and clarifies direct and indirect beneficial ownership totals for governance transparency.

Director Sigal reported an acquisition on 10/02/2025 of 112.174 dividend-equivalent units tied to restricted stock units of ADT Inc. The units were recorded at a $0 per-share price and are included in a post-transaction beneficial ownership total of 81,184.174 shares. The disclosure states these dividend-equivalent units accrued based on the closing price per share as of 10/02/2025 and vest on 05/21/2026. The filing was signed on 10/06/2025 by an attorney-in-fact. Fractional shares were included that had not been previously reported due to brokerage reporting practices.

Insider transaction at ADT Inc. (ADT): On 10/02/2025 EVP and Chief Operating and Customer Officer Ahmad Fawad was credited with 1,974.673 dividend-equivalent units tied to restricted stock units that accrued based on the closing share price on that date. Those units were recorded at a price of $0 and increase his total reported beneficial ownership to 316,126.673 shares. The units vest on various dates through 05/01/2028. The Form 4 was signed on 10/06/2025 by an attorney-in-fact.

James D. DeVries, Chairman, President & CEO of ADT Inc. (ADT), reported a Form 4 disclosing a non‑cash acquisition of 1,761.894 shares on 10/02/2025. These units are described as dividend equivalent units that accrued under restricted stock unit terms based on the closing share price on 10/02/2025 and vest on 03/01/2026. The report shows a $0 transaction price, indicating the award was not purchased but granted as compensation. After the transaction Mr. DeVries beneficially owns 1,687,778.894 shares directly and 3,565,937 shares indirectly through Bethel Ventures LLC, an entity he manages with family trust interests. The filing notes fractional shares were included and previously unreported due to brokerage reporting practices.

Insider acquisition of dividend-equivalent units added 221.11 shares to ADT Inc. insider David W. Smail's holdings on 10/02/2025. The Form 4 reports these units were credited as $0 cost transactions tied to restricted stock units and will vest on 03/01/2026. After this change, the reporting person beneficially owns 399,510.11 shares (includes fractional shares previously unreported).

The filing clarifies the credited amount represents dividend equivalent units that accrued based on the closing share price on 10/02/2025, and fractional shares were included now due to brokerage reporting practices.

Insider transaction summary: An executive officer, Todd Dernberger, received 218.316 dividend-equivalent units tied to restricted stock units of ADT Inc. The units were recorded as acquired on 10/02/2025 at a reported price of $0, reflecting non-cash accruals rather than an open-market purchase.

The report shows Mr. Dernberger now beneficially owns 56,059.316 shares (including fractional shares previously unreported). The dividend-equivalent units vest on various dates through 03/08/2027, and the filing notes fractional shares were included due to brokerage reporting practices.

Insider report: This Form 4 shows that Steven Burzo, VP, CAO & Controller of ADT Inc. (ADT), acquired 73.741 shares on 10/02/2025 at a reported price of $0 as dividend equivalent units tied to restricted stock units. After the transaction he beneficially owns 65,924.741 shares. The dividend-equivalent units accrued based on the closing price per share on 10/02/2025 and are scheduled to vest on 03/01/2026. The filing notes fractional shares were included that were not previously reported due to brokerage reporting practices.