Form 4 for ADI Analog Devices
Accepted 2024-07-25 00:00:00 ET · period of report 2024-07-23 · accession 0000006281-24-000152 · 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 | 2024-07-25 | 2024-07-23 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | M - OptEx | $0.00 | +120.1K | 189.3K | +173% | $0 |
| D | 2024-07-25 | 2024-07-23 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | F - Tax | $230.32 | -50.2K | 139.1K | -27% | -$11.57M |
| D | 2024-07-25 | 2024-07-23 | ADI | Bryant Gregory M | EVP, Pres. Gbl Bus. Units | M - OptEx | $0.00 | -120.1K | 0 | -100% | $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 | 2024-07-23 | M | A | 120,069 | $0.00 | 189,342.25 | D | — | — | (F1) Represents shares of common stock of the Company issued to the Reporting Person on July 23, 2024 as a result of the achievement of the pre-established performance parameters set forth in clause (ii) of footnote 5 below. (F2) Includes 31.817 shares acquired under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan on June 7, 2024. |
| 2 | Common | Comm Stock - $.16-2/3 value | 2024-07-23 | F | D | 50,248.88 | $230.32 | 139,093.37 | D | — | — | |
| 3 | Derivative | Performance-Based Restricted Stock Unit | 2024-07-23 | M | D | 120,069 | $0.00 | 0 | D | $0.00 · — to — | 120,069 Comm Stock - $.16-2/3 value | (F4) 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. (F5) The Performance-Based RSU (i) vested with respect to 75% of the target Performance-Based RSUs on May 30, 2024 as a result of the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during a four-year performance period exceeding $200 as previously reported by the Reporting Person and (ii) vested with respect to another 75% of the target Performance-Based RSUs on July 23, 2024 as a result of the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during a four-year performance period exceeding $220, for a maximum of 150% of the target Performance-Based RSUs. |