Form 4 for ADI Analog Devices
Accepted 2024-06-03 00:00:00 ET · period of report 2024-05-30 · accession 0000006281-24-000142 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-06-03 | 2024-05-30 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | F - Tax | $230.00 | -50.2K | 86.9K | -37% | -$11.56M |
| D | 2024-06-03 | 2024-05-30 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | M - OptEx | $0.00 | +120.1K | 137.1K | +705% | $0 |
| D | 2024-06-03 | 2024-05-30 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | M - OptEx | $0.00 | -120.1K | 120.1K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Comm Stock - $.16-2/3 value | 2024-05-30 | F | D | 50,248.88 | $230.00 | 86,853.43 | D | — | — | |
| 2 | Common | Comm Stock - $.16-2/3 value | 2024-05-30 | M | A | 120,069 | $0.00 | 137,102.31 | D | — | — | (F1) Represents shares of common stock of the Company issued to the Reporting Person on May 30, 2024 as a result of the achievement of the pre-established performance parameters set forth in clause (i) of footnote 4 below. |
| 3 | Derivative | Performance-Based Restricted Stock Unit | 2024-05-30 | M | D | 120,069 | $0.00 | 120,069 | D | $0.00 · — to — | 120,069 Comm Stock - $.16-2/3 value | (F1) Represents shares of common stock of the Company issued to the Reporting Person on May 30, 2024 as a result of the achievement of the pre-established performance parameters set forth in clause (i) of footnote 4 below. (F3) Each Performance-Based RSU represents the right to receive, following vesting, one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters. (F4) The Performance-Based RSU award (i) vested with respect to 75% of the target Performance-Based RSUs as a result of the average closing price of the Company's common stock on the Nasdaq Global Select Market over a 70 consecutive trading day period during the four-year performance period exceeding $200 and (ii) unless earlier forfeited under the terms of such award, may vest with respect to an additional 75% of the target Performance Based RSUs if the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during the four-year performance period equals or exceeds $220, for a maximum of 150% of the target Performance-Based RSUs. |