Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ADI | Restricted Stock Unit (RSU) | Award | $0 | +12.2K | $0.00 | 12.2K | Apr 4, 2022 | Comm Stock - $.16-2/3 value | 12.2K | $0.00 | Direct | F1 | |
transaction | ADI | Performance-Based Restricted Stock Unit | Award | $0 | +7.79K | $0.00 | 7.79K | Apr 4, 2022 | Comm Stock - $.16-2/3 value | 7.79K | $0.00 | Direct | F2, F3 | |
transaction | ADI | Performance-Based Restricted Stock Unit | Award | $0 | +12.4K | $0.00 | 12.4K | Apr 4, 2022 | Comm Stock - $.16-2/3 value | 12.4K | $0.00 | Direct | F2, F4 |
Id | Content |
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F1 | The Restricted Stock Units granted to the Reporting Person on April 4, 2022 vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2022. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company. |
F2 | Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company upon the vesting date. |
F3 | Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of 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 relating to the Company's relative total shareholder return (TSR) performance against the TSR of a defined comparator group of companies, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the grant date and ending on March 15, 2025. |
F4 | Each Performance-Based RSU represents the right to receive, following vesting, up to 200% of 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 relating to the Company's financial performance, as approved by the Company's Compensation Committee, over a one-year performance period, two-year cumulative performance period and three-year cumulative performance period, and vesting on the third anniversary of March 15, 2022. |