Gregory M. Bryant - 10 Sep 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
10 Sep 2024
Net transactions value
$0
Form type
4
Filing time
12 Sep 2024, 16:56:34 UTC
Previous filing
25 Jul 2024
Next filing
26 Sep 2024
SEC
View on sec.gov

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 Award $0 +13,333 $0.000000 13,333 10 Sep 2024 Comm Stock - $.16-2/3 value 13,333 $0.000000 Direct F1
transaction ADI Performance-Based Restricted Stock Unit Award $0 +9,176 $0.000000 9,176 10 Sep 2024 Comm Stock - $.16-2/3 value 9,176 $0.000000 Direct F2
transaction ADI Performance-Based Restricted Stock Unit Award $0 +13,443 $0.000000 13,443 10 Sep 2024 Comm Stock - $.16-2/3 value 13,443 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSUs) granted to the Reporting Person on September 10, 2024 vest in equal installments on the first, second, third and fourth anniversaries of August 15, 2024. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock.
F2 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 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 August 15, 2024 and ending on August 15, 2027, and vesting on August 29, 2027.
F3 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 three-year performance period beginning on the first day of the third quarter of the Company's fiscal year 2024 and ending on the last day of the second quarter of the Company's fiscal year 2027, and vesting on August 29, 2027.