Form 4: Analog Devices CEO Vincent Roche Reports Stock Transactions
SEC Form 4 Filing
Vincent Roche, Chair & CEO of Analog Devices, reports the vesting of restricted stock units and subsequent transactions involving common stock.
Summary
- On March 11, 2024, Vincent Roche, Chair & CEO of Analog Devices, reported transactions involving Analog Devices common stock.
- These transactions included the vesting of 4,840 Restricted Stock Units (RSUs) which converted into common stock.
- Shares were withheld to satisfy tax obligations related to the RSU vesting, resulting in a disposition of 2,340.14 shares at a price of $198.21.
- Following these transactions, Roche directly owns 8,212.86 shares and indirectly owns 55,000 shares through the Vincent Roche 2023 Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs and subsequent sale to cover taxes is a common occurrence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/10/2021 | Date of grant for the Restricted Stock Units (RSUs) that vest in equal installments over four years. |
| 08/25/2023 | Date of the Vincent Roche 2023 Grantor Retained Annuity Trust. |
| 03/11/2024 | Date of the reported transactions, including RSU vesting and stock disposition for tax obligations. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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