Prashanth Mahendra-Rajah - Oct 25, 2023 Form 4 Insider Report for ANALOG DEVICES INC (ADI)

Role: EVP, Finance & CFO
Signature: s/ Shelly Shaw, Associate General Counsel, by Power of Attorney
Stock symbol: ADI
Transactions as of: Oct 25, 2023
Transactions value $: -$3,004,372
Form type: 4
Date filed: 10/27/2023, 04:40 PM
Previous filing: Oct 4, 2023
Next filing: Nov 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADI	Comm Stock - $.16-2/3 value	Options Exercise	$0	+38.9K	+141.44%	$0.00	66.4K	Oct 25, 2023	Direct
transaction	ADI	Comm Stock - $.16-2/3 value	Tax liability	-$3M	-18.8K	-28.33%	$159.79	47.6K	Oct 25, 2023	Direct	F1

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	Performance-Based Restricted Stock Unit	Options Exercise	$0	-38.9K	-100%	$0.00^*	0	Oct 25, 2023	Comm Stock - $.16-2/3 value	38.9K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This disposition represents shares withheld to satisfy tax withholding obligations on the performance-based restricted stock units that vested on October 25, 2023 and are reported herein.
F2	Represents shares of common stock of the Issuer issued to the Reporting Person on October 25, 2023 (the "Vesting Date"), as a result of the achievement of pre-established performance parameters relating to the integration of Maxim Integrated Products, Inc. and achievement of the Company's synergy goals at 200% of the target established for the performance-based restricted stock units granted to the Reporting Person in connection with the Maxim acquisition.

Content

This disposition represents shares withheld to satisfy tax withholding obligations on the performance-based restricted stock units that vested on October 25, 2023 and are reported herein.

Represents shares of common stock of the Issuer issued to the Reporting Person on October 25, 2023 (the "Vesting Date"), as a result of the achievement of pre-established performance parameters relating to the integration of Maxim Integrated Products, Inc. and achievement of the Company's synergy goals at 200% of the target established for the performance-based restricted stock units granted to the Reporting Person in connection with the Maxim acquisition.