Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market Information and Stockholders of Record
We have two classes of common stock outstanding, Common Stock and Class B Common Stock.
Common Stock - Our Common Stock is listed on the NYSE under the symbol “ADT.”
As of February 20, 2025, the number of stockholders of record of Common Stock was 258, which does not include the number of stockholders who hold our Common Stock through banks, brokers, and other financial institutions.
Class B Common Stock - There is no established public trading market for shares of Class B Common Stock; and Google is, and has been, the only stockholder of record since the stock’s issuance in 2020.
Stock Performance Graph
The following graph compares the cumulative total stockholder return, calculated on a dividend-reinvested basis, assuming that $100 was invested on the last trading day before the beginning of the fifth preceding fiscal year, in each of the following: (i) our Common Stock; (ii) the Standard & Poor’s (“S&P”) 500 Index; and (iii) the S&P North America Consumer Services Index, a peer group. The graph is not, and is not intended to be, indicative of future performance of our Common Stock.
Date ADT Inc. S&P 500 Index S&P North America Consumer Services Index
12/31/2020 $101 $118 $107
12/31/2021 $110 $152 $122
12/31/2022 $121 $125 $101
12/31/2023 $93 $158 $133
12/31/2024 $97 $197 $155
The information contained in this section shall not be deemed “soliciting material” or to be “filed” with the SEC or incorporated by reference in future filings with the SEC, or otherwise subject to the liabilities under Section 18 of the Exchange Act, except to the extent we specifically incorporate it by reference into such filing.
49
Recent Sales of Unregistered Equity Securities
There were no sales of unregistered equity securities during the three months ended December 31, 2024.
Use of Proceeds from Registered Equity Securities
We did not receive any proceeds from sales of registered equity securities during the three months ended December 31, 2024.
Issuer Purchases of Equity Securities
The following table presents repurchases of shares of the Company’s Common Stock during the three months ended December 31, 2024 (in thousands, except per share data) :
Period
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
October 1, 2024 - October 31, 2024
21,000 $ 7.01 21,000 $ 109,444
November 1, 2024 - November 30, 2024
— $ — — $ 109,444
December 1, 2024 - December 31, 2024
— $ — — $ 109,444
Total
21,000 $ — 21,000 $ 109,444
_________________
(1) On October 4, 2024, the Company repurchased and retired 5 million shares of Common Stock at a price per share of $6.40 for an aggregate purchase price of $32 million. On October 30th, 2024, the Company repurchased and retired 16 million shares of Common Stock at a price per share of $7.20 for an aggregate purchase price of $115 million.
Additionally, in December 2024, the Company entered into an agreement to repurchase 15 million shares of Common Stock at a price per share of $6.95 for a total of $104 million. The transaction settled in January 2025, and the Company retired the shares.
Share Repurchase Plan
On January 24, 2024, our Board of Directors announced a share repurchase plan (the “2024 Share Repurchase Plan”), pursuant to which the Company was authorized to repurchase, through late January 2025, up to a maximum aggregate amount of $350 million of shares of the Company's Common Stock under this plan. The 2024 Share Repurchase Plan expired in January 2025.
In February 2025, our Board of Directors announced the 2025 Share Repurchase Plan, pursuant to which the Company is authorized to repurchase, through April 30, 2026, up to a maximum aggregate amount of $500 million of shares of Common Stock. The 2025 Share Repurchase Plan allows the Company to purchase Common Stock from time to time in one or more open market or privately negotiated transactions, including pursuant to Rule 10b5-1 or Rule 10b-18 of the Exchange Act, or pursuant to one or more accelerated share repurchase agreements, subject to certain requirements and other factors.
ITEM 6. RESERVED.