4/A: Analog Devices CAO Corrects Option Exercise Price in Amended SEC Filing

Michael Sondel, CAO of Analog Devices, files an amendment to a Form 4 to correct the price reported for shares acquired upon option exercise.

Summary

• Michael Sondel, Chief Accounting Officer (CAO) of Analog Devices Inc. (ADI), filed an amended Form 4 with the SEC on May 29, 2024.
• The amendment corrects the price reported for the acquisition of shares upon option exercise on May 24, 2024.
• The original filing on May 28, 2024, inadvertently reported the price as '$0'.
• The corrected filing reflects the option exercise price of $57.29 for 2,920 shares and $54.93 for 1,910 shares.
• Following the reported transactions, Sondel beneficially owns 13,466.7 and 12,456.7 shares of Analog Devices common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it indicates a prior error, the amendment itself is a positive step towards accuracy and compliance.

Negatives

• The original Form 4 filing contained an error in the reported price for the option exercise.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders and the public regarding insider transactions.

Key Dates