Event 4724 records an administrative password reset: one account, the Subject, sets a new password for a different account, the Target, without ever needing to know or supply the old one. That is the defining mechanic of the event and the reason it exists as a separate ID from 4723, self-service password change: resetting rights bypass the normal prove-you-know-the-current-secret requirement entirely, which makes them powerful for legitimate help-desk work and equally powerful for an attacker who has already compromised an account holding that permission.
SubjectUserSid, SubjectUserName, and SubjectLogonId identify the account that performed the reset, correlating back to that account's own 4624 logon session. TargetUserName, TargetSid, and TargetDomainName identify the account whose password changed. In the ordinary case these are two different, unrelated identities: a help-desk technician resetting a locked-out employee's password. When Subject and Target end up being the same account, something unusual is happening, since a self-directed administrative reset through this path is rare; the normal self-service flow generates a 4723, not a 4724.
The permission required to trigger this event, Reset Password, is delegable in Active Directory independent of full domain-admin rights, which is exactly why help-desk staff can be granted it without also handing them broader administrative control. That same delegability is what makes 4724 worth watching closely: an attacker who compromises a single help-desk credential with Reset Password delegated over a specific organizational unit gains a very targeted but very real capability, the ability to lock any account in that OU out of its own password and set a new one only the attacker knows.
The event does not carry the new password value, by design, but it does carry everything needed to reconstruct who reset what and when. Two shapes deserve dedicated attention beyond a single reset in isolation. First, a reset targeting a privileged account, a domain admin, a service account, a break-glass identity, outside any documented change-management window is a red flag regardless of who performed it, because a compromised help-desk credential resetting a high-value target's password is a direct account-takeover step, not routine support work. Second, one Subject account resetting many different Target accounts' passwords in a short window is the signature of either a scripted bulk operation, which should be traceable to a known automation account and a known reason, or an attacker locking out a broad set of users, a pattern that has preceded both credential-harvesting campaigns and ransomware-adjacent disruption, where mass lockouts serve as either cover for other activity or as direct impact.
4724 sits next to 4723 as the two halves of a password changed in Windows auditing, distinguished entirely by whether Subject and Target match. It is worth pairing both events in any dashboard tracking credential changes across the environment, since an attacker with help-desk-level access could reasonably use either path depending on which one draws less attention in a given environment's existing alerting.