Michael Sondel - Apr 3, 2023 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
Stock symbol
ADI
Transactions as of
Apr 3, 2023
Transactions value $
$0
Form type
4
Date filed
4/5/2023, 05:29 PM
Previous filing
Mar 15, 2023
Next filing
Dec 12, 2023

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

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADI Restricted Stock Unit (RSU) +Grant/Award $0 +1,754 $0.00 1,754 Apr 3, 2023 Comm Stock - $.16-2/3 value 1,754 $0.00 Direct F1
transaction ADI Performance-Based Restricted Stock Unit +Grant/Award $0 +499 $0.00 499 Apr 3, 2023 Comm Stock - $.16-2/3 value 499 $0.00 Direct F2, F3
transaction ADI Performance-Based Restricted Stock Unit +Grant/Award $0 +804 $0.00 804 Apr 3, 2023 Comm Stock - $.16-2/3 value 804 $0.00 Direct F2, F4

Explanation of Responses:

Id Content
F1 The Restricted Stock Units granted to the Reporting Person on April 3, 2023 vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2023. 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 and Talent Committee, over a three-year performance period beginning on March 15, 2023 and ending on March 15, 2026 and vesting on March 29, 2026.
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 and Talent 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, 2023.