Form 4: Analog Devices CEO Vincent Roche Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Vincent Roche, Chair & CEO of Analog Devices, exercised stock options and sold 10,000 shares of common stock on May 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 1, 2024, Vincent Roche, the Chair & CEO of Analog Devices, exercised a non-qualified stock option to acquire 10,000 shares of Analog Devices common stock at a price of $83.48 per share.
- Simultaneously, Roche sold 10,000 shares of Analog Devices common stock at a price of $197.06 per share.
- These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on April 6, 2023.
- Following these transactions, Roche directly owns 51,038.973 shares and indirectly owns 55,000 shares through the Vincent Roche 2023 Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: Routine executive stock transactions under a pre-existing plan generally have a neutral sentiment.
Industry Context
Executive stock transactions are common and closely monitored by investors. Sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned.
Key Dates
| Date | Description |
|---|---|
| 04/06/2023 | Date the 10b5-1 plan was adopted by Vincent Roche |
| 08/25/2023 | Date of the Vincent Roche 2023 Grantor Retained Annuity Trust |
| 03/08/2018 | Date the non-qualified stock option was granted |
| 05/01/2024 | Date of stock option exercise and share sale |
| 05/02/2024 | Date of signature on the Form 4 filing |
| 03/08/2027 | Expiration date of the non-qualified stock option |
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