Form 4: Analog Devices Executive Gregory M. Bryant Reports Stock Transactions
SEC Form 4 Filing
Gregory M. Bryant, EVP & President of Global Business Units at Analog Devices, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 15, 2024, Gregory M. Bryant, an executive at Analog Devices, engaged in transactions involving common stock and restricted stock units (RSUs).
- Bryant acquired shares through the vesting of RSUs and disposed of shares to cover tax withholding obligations.
- The transactions resulted in a change in Bryant's beneficial ownership of Analog Devices common stock.
- The reporting person also acquired shares under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan on June 7, 2023 (34.673 shares acquired) and December 7, 2023 (32.377 shares acquired).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of RSUs indicates that Bryant is meeting the conditions of his equity compensation plan.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice among publicly traded companies like Analog Devices, Texas Instruments, and Qualcomm.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Grant date of 8,707 RSUs vesting in equal installments on the first, second, third and fourth anniversaries of the Grant Date. |
| 04/04/2022 | Grant date of 4,175 RSUs vesting in equal installments on the first, second, third and fourth anniversaries of March 15, 2022. |
| 06/07/2023 | Acquisition of 34.673 shares under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan. |
| 12/07/2023 | Acquisition of 32.377 shares under the Analog Devices, Inc. Amended & Restated 2022 Employee Stock Purchase Plan. |
| 04/03/2023 | Grant date of 3,720 RSUs vesting in equal installments on the first, second, third and fourth Anniversaries of March 15, 2023. |
| 03/15/2024 | Date of transactions involving common stock and restricted stock units (RSUs). |
| 03/19/2024 | Date of signature of the report. |
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