Gregory M. Bryant - 23 Jul 2024 Form 4 Insider Report for ANALOG DEVICES INC (ADI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Jul 2024, 17:31:07 UTC
Prior SEC filing
14 Jun 2024
Next SEC filing
12 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Shelly Shaw, General Counsel, by Power of Attorney

Key filing fact

Gregory M. Bryant filed Form 4 for ANALOG DEVICES INC (ADI) on 25 Jul 2024.

Key facts

  • This page summarizes Gregory M. Bryant's Form 4 filing for ANALOG DEVICES INC (ADI).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 25 Jul 2024, 17:31.

Change

  • Previous filing in this sequence was filed on 14 Jun 2024.
  • Current net transaction value: -$11,573,321.

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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ADI transaction

Comm Stock - $.16-2/3 value

Options Exercise

Transaction value
$0
Shares
+120,069
Change %
+173%
Price
$0.000000
Shares after
189,342
Date
23 Jul 2024
Ownership
Direct
Footnotes
F1, F2
ADI transaction

Comm Stock - $.16-2/3 value

Tax liability

Transaction value
$11,573,321
Shares
-50,249
Change %
-27%
Price
$230.32
Shares after
139,093
Date
23 Jul 2024
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ADI transaction Derivative

Performance-Based Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-120,069
Change %
-100%
Price
$0.000000*
Shares after
0
Date
23 Jul 2024
Ownership
Direct
Underlying class
Comm Stock - $.16-2/3 value
Underlying amount
120,069
Exercise price
$0.000000
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents shares of common stock of the Company issued to the Reporting Person on July 23, 2024 as a result of the achievement of the pre-established performance parameters set forth in clause (ii) of footnote 5 below.

Footnote F2

Includes 31.817 shares acquired under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan on June 7, 2024.

Footnote F3

This disposition represents shares withheld to satisfy tax withholding obligations on the Performance-based Restricted Stock Units (Performance-Based RSUs) that vested on July 23, 2024 and are reported herein.

Footnote F4

Each Performance-Based RSU represents the right to receive, following vesting, 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.

Footnote F5

The Performance-Based RSU (i) vested with respect to 75% of the target Performance-Based RSUs on May 30, 2024 as a result of 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 exceeding $200 as previously reported by the Reporting Person and (ii) vested with respect to another 75% of the target Performance-Based RSUs on July 23, 2024 as a result of 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 exceeding $220, for a maximum of 150% of the target Performance-Based RSUs.

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