Gregory M. Bryant - Mar 15, 2022 Form 4/A Insider Report for ANALOG DEVICES INC (ADI)

Role
EVP & Pres. Global Bus. Units
Signature
/s/ Shelly Shaw, General Counsel, by Power of Attorney
Stock symbol
ADI
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4/A
Date filed
6/3/2024, 04:15 PM
Date Of Original Report
Mar 17, 2022
Previous filing
Dec 6, 2021
Next filing
Apr 6, 2022

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 Award $0 +240K $0.00 240K Mar 15, 2022 Comm Stock - $.16-2/3 value 240K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% 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.
F2 On March 17, 2022, the Reporting Person filed a Form 4 that inadvertently reported an incorrect number of granted Performance-Based Restricted Stock Units. This amendment is filed solely to correct the maximum number of Performance-Based Restricted Stock Units that may vest upon the achievement of pre-established performance parameters as set forth footnote 3.
F3 Unless earlier forfeited under the terms of the Performance-Based RSU, such award vests (i) with respect to 75% of the target Performance-Based RSUs if 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 equals or exceeds $200 and (ii) with respect to an additional 75% of the target Performance Based RSU if the average closing price of the Company's common stock on the Nasdaq Global Select Market over any 70 consecutive trading day period during the four-year performance period equals or exceeds $220, for a maximum of 150% of the target Performance-Based RSUs.