Form 4: Analog Devices Director Sells Shares in Recent Transaction
SEC Form 4
Director Edward H. Frank sold 995 shares of Analog Devices stock at a price of $234.305 on August 29, 2024.
Summary
- On August 29, 2024, Edward H. Frank, a director of Analog Devices Inc. (ADI), sold 995 shares of the company's common stock at a price of $234.305 per share.
- Following the transaction, Frank directly owns 3,753 shares of Analog Devices.
- Frank also indirectly owns 3,000 shares through the Naomi Mantor Frank 2015 Heritage Trust and 3,000 shares through the Whitton Anne Frank 2015 Heritage Trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The impact on the stock price is usually minimal unless the transaction is very large or part of a broader trend.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of stock sale transaction |
| 08/30/2024 | Date of signature on the Form 4 filing |
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