Form 4: Adeia Officer Kokes Reports Equity Compensation

Adeia's Chief Licensing Officer, Media, Mark Kokes, reported the vesting of performance stock units and a new restricted stock unit grant, alongside shares withheld for tax obligations.

Summary

• Mark Kokes, Chief Licensing Officer, Media at Adeia Inc., reported multiple transactions on March 1, 2026.
• 112,961 Performance Stock Units (PSUs) originally granted on March 1, 2023, fully vested, converting to common stock, following the achievement of predetermined market performance criteria over a three-year period ending February 28, 2026.
• A new grant of 76,820 Restricted Stock Units (RSUs) was issued, which will vest in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date.
• A total of 85,480 shares (28,007 and 57,473) were withheld at a price of $20.69 per share to cover tax withholding obligations in connection with the release of shares subject to vesting.
• Following these reported transactions, Mark Kokes beneficially owns 338,936 shares of Adeia Inc. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting the achievement of performance targets for vested PSUs and continued executive alignment through new RSU grants, which are standard compensation practices.

Positives

• The vesting of 112,961 Performance Stock Units (PSUs) indicates the achievement of predetermined market performance criteria over a three-year period, reflecting successful executive performance.
• A new grant of 76,820 Restricted Stock Units (RSUs) aligns management's interests with long-term shareholder value and incentivizes continued executive retention.

Negatives

• 85,480 shares were withheld to cover tax obligations at a price of $20.69 per share, which is a standard practice but reduces the immediate net share gain for the officer.

Future Outlook

The 76,820 Restricted Stock Units (RSUs) granted on March 1, 2026, will vest in four equal annual installments on the first, second, third, and fourth anniversaries of the grant date, providing future equity compensation.

Industry Context

StockSavvy.ai notes that equity compensation, particularly through Performance Stock Units (PSUs) and Restricted Stock Units (RSUs), is a common practice in the technology and media licensing sectors to incentivize executive performance and retention, aligning their interests with long-term company success.

Comparison to Industry Standards

• StockSavvy.ai observes that the structure of performance-based vesting (PSUs tied to market criteria) and time-based vesting (RSUs over four years) is consistent with executive compensation packages seen at comparable companies in the intellectual property and media technology space, such as Xperi Inc. (XPER) or Dolby Laboratories (DLB), which also utilize similar long-term incentive plans to reward sustained performance and executive retention.

Stakeholder Impact

• Shareholders: The vesting of PSUs and grant of RSUs can lead to minor dilution but also signals management's continued commitment and incentivization to drive long-term value.
• Employees (specifically Mark Kokes): The transactions represent a significant component of compensation, rewarding past performance and incentivizing future contributions.

Next Steps

• The 76,820 Restricted Stock Units will vest in four equal annual installments on the first, second, third, and fourth anniversaries of the March 1, 2026 grant date.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, including the vesting of performance-based awards and a new grant of restricted stock units. While positive for executive alignment and retention, these are standard occurrences and do not typically provide new fundamental information to warrant a change in investment recommendation. The transactions reflect ongoing compensation structures rather than a significant shift in company outlook or performance.

Keywords

Adeia Inc., ADEA, Mark Kokes, Form 4, insider transaction, equity compensation, PSU vesting, RSU grant, stock units