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ANALOG DEVICES INC — Director's Dealing 2023
Mar 17, 2023
29843_dirs_2023-03-17_d3af8f1d-ec4c-482c-ae80-b1eca69a8317.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2022-12-05
Reporting Person: Mahendra-Rajah Prashanth (EVP, Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-15 | Comm Stock - $.16-2/3 value | M | 1779 | — | Acquired | 15502.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | F | 861 | $182.93 | Disposed | 14641.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | M | 3061 | — | Acquired | 17702.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | F | 1480 | $182.93 | Disposed | 16222.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | M | 6767 | — | Acquired | 22989.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | M | 7116 | — | Acquired | 30105.70 | Direct |
| 2023-03-15 | Comm Stock - $.16-2/3 value | F | 6235 | $182.93 | Disposed | 23870.70 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-15 | Restricted Stock Unit (RSU) | $0.0 | M | 1779 | Disposed | Comm Stock - $.16-2/3 value (1779.0) | Direct | |
| 2023-03-15 | Restricted Stock Unit (RSU) | $0.0 | M | 3061 | Disposed | Comm Stock - $.16-2/3 value (3061.0) | Direct | |
| 2022-12-05 | Performance-Based Restricted Stock Unit | $0.0 | A | 6767 | Acquired | Comm Stock - $.16-2/3 value (6767.0) | Direct | |
| 2023-03-15 | Performance-Based Restricted Stock Unit | $0.0 | M | 6767 | Disposed | Comm Stock - $.16-2/3 value (6767.0) | Direct | |
| 2023-03-15 | Performance-Based Restricted Stock Unit | $0.0 | M | 7116 | Disposed | Comm Stock - $.16-2/3 value (7116.0) | Direct |
Footnotes
F1: This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on March 15, 2022 and are reported herein.
F2: This disposition represents shares withheld to satisfy tax withholding obligations on the performance restricted stock units that vested on March 15, 2022 and are reported herein.
F3: The Restricted Stock Units granted to the Reporting Person on March 11, 2020 vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2020. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Issuer.
F4: The Restricted Stock Units granted to the Reporting Person on April 4, 2022 vest in equal installments on the first, second, third and fourth anniversaries of March 15, 2022. Upon each vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Issuer.
F5: Represents shares of common stock of the Issuer to be issued to the Reporting Person on March 15, 2023 (the "Vesting Date"), subject to the Reporting Person's continued service through the Vesting Date, as a result of the certification by the Issuer's Compensation Committee on December 5, 2022 of the achievement of pre-established performance parameters at 195.1% of the target established for the performance-based restricted stock units granted to the Reporting Person on March 11, 2020.
F6: This transaction represents the settlement of performance-based RSUs granted on March 11, 2020 in shares of common stock of the Issuer on the Vesting Date as a result of the certification by the Issuer's Compensation Committee on December 5, 2022 of the satisfaction of performance criteria at 195.1% of target.