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ANALOG DEVICES INC — Director's Dealing 2024
Jun 3, 2024
29843_dirs_2024-06-03_2033185a-f630-433e-8548-a1d005c8a14a.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2022-03-15
Reporting Person: Bryant Gregory M (EVP & Pres. Global Bus. Units)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-15 | Performance-Based Restricted Stock Unit | $0 | A | 240138 | Acquired | Comm Stock - $.16-2/3 value (240138) | Direct |
Footnotes
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.