Form 4: Analog Devices Executive Sells 20,000 Shares Under 10b5-1 Plan
SEC Form 4
Gregory M. Bryant, EVP & President of Global Business Units at Analog Devices, sold 20,000 shares of company stock at $223.87 per share on November 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On November 1, 2024, Gregory M. Bryant, an executive at Analog Devices, sold 20,000 shares of Analog Devices common stock.
- The sale was executed at a price of $223.87 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on June 25, 2024.
- Following the transaction, Bryant directly owns 59,093.372 shares of Analog Devices common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of compensation and portfolio management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on inside information at the time of the transaction.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| June 25, 2024 | Date the Reporting Person adopted the 10b5-1 plan |
| November 01, 2024 | Date of the stock sale transaction |
| November 04, 2024 | Date of the Form 4 filing |
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