Dernberger Todd 4
Research Summary
AI-generated summary
ADT EVP Todd Dernberger Receives Award of 100.193 Shares
What Happened
Todd Dernberger, Executive Vice President & Chief Growth Officer of ADT Inc., was credited with 100.193 shares on July 7, 2026 as an award/acquisition (reported at $0.00 per share). The transaction is recorded as dividend-equivalent units tied to restricted stock units; the reported acquisition price was $0.00 (report value $0).
Key Details
- Transaction date and price: 2026-07-07; 100.193 shares acquired at $0.00 per share (total value reported $0).
- Vesting/conditions: These are dividend-equivalent units that accrued based on ADT’s closing price as of July 7, 2026 and vest on March 8, 2027 (per filing footnote).
- Shares owned after transaction: Not specified in the filing.
- Filing date/timeliness: Form 4 filed 2026-07-09 (two days after the reported transaction); Form 4s are generally required within two business days.
Context
Dividend-equivalent units are an accrual tied to existing restricted stock units and typically convert to shares (or are settled) only upon vesting; they are compensation-related rather than an open-market purchase or sale. Such awards are common for executive compensation and do not by themselves indicate a buy/sell signal from the insider.