ADT Inc
For the period ended Apr 7, 2025. Filed Apr 7, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 7, 2025 · Filed Apr 7, 2025
Contents
Peer Group Development
The Compensation Committee, with the assistance of Pearl Meyer, has developed a peer group for use in making compensation decisions. While the Compensation Committee considers the executive compensation data at peer group companies, it is not the sole factor in the decision-making process. The Compensation Committee also considers general industry data from third-party providers in its review of compensation for our executive officers (including our NEOs). Neither the Compensation Committee nor management has any input into the companies included in these general industry surveys. The table below highlights how the companies included in the peer group were chosen, and how the compensation information related to these companies is used.
| 2025 PROXY STATEMENT | 27 |
| How Peer Group Companies are Selected | How Peer Group Data is Utilized |
|---|---|
| •Similar or related industry sector•Generally focused on business models that generate subscription-based recurring revenue•Provide a technology-enabled service•Primarily business-to-consumer (B2C) focused, although companies that are business-to-business (B2B) focused are also considered•Generally between $2 billion and $10 billion in revenue | •As an input in determining base salaries, annual incentive targets and long-term incentive award targets•As an input in the design of compensation plans•To validate whether our executive compensation program is aligned with Company performance•To inform on market practice regarding the form and mix of equity awards granted to our employees |
The Compensation Committee assesses the peer group periodically to determine whether any significant changes to the business conditions of the Company or any of its peers would warrant any changes to the peer group. In October 2024, the Compensation Committee approved changes to the 2025 peer group, replacing two peers to improve size comparability following ADT’s updated business model and removing one peer due to its acquisition, resulting in a peer group of 14 companies.
| 2024 Peer Group | Updates for 2025 | 2025 Peer Group |
|---|---|---|
| Akamai Technologies, Inc. | Akamai Technologies, Inc. | |
| The Brink’s Company | The Brink’s Company | |
| Cintas Corporation | Cintas Corporation | Equifax Inc. |
| Equifax Inc. | Juniper Networks, Inc. | |
| Frontier Communications Parent | Frontier Communications Parent | |
| H&R Block, Inc. | Gen Digital Inc. | |
| NCR Voyix Corporation | H&R Block, Inc. | |
| NetApp, Inc. | NCR Voyix Corporation | |
| Republic Services, Inc. | Republic Services, Inc. | NetApp, Inc. |
| Rockwell Automation, Inc. | Rockwell Automation, Inc. | |
| Rollins, Inc. | Rollins, Inc. | |
| Sirius XM Holdings Inc. | Sirius XM Holdings Inc. | |
| Telephone and Data Systems, Inc. | Telephone and Data Systems, Inc. | |
| Trimble Inc. | Trimble Inc. | |
| VMware, Inc. | VMware, Inc. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.