4/A: Analog Devices Executive Corrects Stock Ownership Reporting After RSU Vesting
SEC Filing (Form 4/A)
Vivek Jain, EVP at Analog Devices, files an amended Form 4 to correct the number of derivative securities beneficially owned after restricted stock units (RSUs) vested.
Summary
- Vivek Jain, an Executive Vice President at Analog Devices, filed an amended Form 4 (Form 4/A) with the SEC.
- The amendment corrects a previous filing (Form 4) from March 19, 2024, regarding the number of derivative securities beneficially owned after the vesting of Restricted Stock Units (RSUs).
- The original filing incorrectly stated that Jain beneficially owned 8,349 derivative securities after the vesting.
- The corrected filing indicates that Jain beneficially owned 5,566 derivative securities after the vesting of the RSUs.
- The RSUs, granted on April 4, 2022, vest in equal installments on the first, second, third, and fourth anniversaries of March 15, 2022.
- Upon each vesting date, each vested RSU automatically converts into one share of Analog Devices common stock.
Sentiment
Score: 6
Explanation: The document is a correction of a previous error, which is slightly negative, but overall a routine regulatory filing.
Negatives
- There was an error in the initial Form 4 filing regarding the number of derivative securities owned.
Industry Context
This filing is a routine part of insider trading regulations, ensuring transparency in executive stock ownership.
Stakeholder Impact
- The correction ensures accurate information for shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Date used to calculate the vesting anniversaries of the RSUs. |
| 04/04/2022 | Date the RSUs were granted to the Reporting Person. |
| 03/15/2024 | Date of the earliest transaction. |
| 03/19/2024 | Date of the original Form 4 filing that contained an error. |
| 03/20/2024 | Date of the amended Form 4/A filing. |
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