Michael Sondel - 04 Apr 2022 Form 4 Insider Report for ANALOG DEVICES INC (ADI)

Role: CAO (principal acct. officer)
Signature: /s/ Shelly Shaw, Associate General Counsel, by Power of Attorney
Issuer symbol: ADI
Transactions as of: 04 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Apr 2022, 18:12:25 UTC
Previous filing: 31 Mar 2022
Next filing: 17 Mar 2023
SEC: View on sec.gov

Key filing fact

Michael Sondel filed Form 4 for ANALOG DEVICES INC (ADI) on 06 Apr 2022.

Key facts

This page summarizes Michael Sondel's Form 4 filing for ANALOG DEVICES INC (ADI).
3 reported transactions and 3 derivative rows are listed below.
Filing timestamp: 06 Apr 2022, 18:12.

Change

Previous filing in this sequence was filed on 31 Mar 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

ADI transaction Derivative

Restricted Stock Unit (RSU)

Award

Transaction value: $0
Shares: +1,750
Change %
Price: $0.000000
Shares after: 1,750
Date: 04 Apr 2022
Ownership: Direct
Underlying class: Comm Stock - $.16-2/3 value
Underlying amount: 1,750
Exercise price: $0.000000
Footnotes: F1

ADI transaction Derivative

Performance-Based Restricted Stock Unit

Award

Transaction value: $0
Shares: +472
Change %
Price: $0.000000
Shares after: 472
Date: 04 Apr 2022
Ownership: Direct
Underlying class: Comm Stock - $.16-2/3 value
Underlying amount: 472
Exercise price: $0.000000
Footnotes: F2, F3

ADI transaction Derivative

Performance-Based Restricted Stock Unit

Award

Transaction value: $0
Shares: +803
Change %
Price: $0.000000
Shares after: 803
Date: 04 Apr 2022
Ownership: Direct
Underlying class: Comm Stock - $.16-2/3 value
Underlying amount: 803
Exercise price: $0.000000
Footnotes: F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.