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

Role: EVP & Pres. Global Bus. Units
Signature: /s/ Shelly Shaw, General Counsel, by Power of Attorney
Issuer symbol: ADI
Transactions as of: 23 Jul 2024
Net transactions value: -$11,573,321
Form type: 4
Filing time: 25 Jul 2024, 17:31:07 UTC
Previous filing: 14 Jun 2024
Next filing: 12 Sep 2024
SEC: View on sec.gov

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.
Filing timestamp: 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.

See Original Filing

Transactions Table

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

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

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

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

Explanation of Responses:

Id	Content
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.
F2	Includes 31.817 shares acquired under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan on June 7, 2024.
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.
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.
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.