Form 4: Analog Devices SVP Martin Cotter Reports Stock Transactions
SEC Form 4
Martin Cotter, SVP at Analog Devices, reports acquisition and disposal of company stock related to performance-based restricted stock units.
Summary
- On March 17, 2025, Martin Cotter acquired 11,879 shares of Analog Devices common stock at $0, and disposed of 7,134.171 shares at $211.68 to cover tax obligations.
- These transactions are related to performance-based restricted stock units (PRSUs) granted on April 4, 2022.
- The PRSUs vested based on the company's financial performance at 176.2% of target.
- On March 19, 2025, Cotter acquired 7,576 shares of common stock at $0 related to PRSUs granted on April 4, 2022.
- These shares were earned based on the company's relative total shareholder return performance over a three-year period at 178.4% of target and will vest on March 29, 2025, subject to continued employment.
Sentiment
Score: 6
Explanation: Neutral sentiment as it primarily reports stock transactions related to executive compensation. The vesting of PRSUs based on performance is a slightly positive indicator.
Positives
- The vesting of PRSUs indicates that Analog Devices achieved certain pre-established performance parameters relating to the Company's financial performance at 176.2% of target.
- The vesting of PRSUs indicates that Analog Devices achieved certain pre-established performance parameters relating to the Company's relative total shareholder return performance over a three-year period at 178.4% of target.
Future Outlook
The shares acquired on March 19, 2025, will vest on March 29, 2025, subject to the Reporting Person's continued employment with the Company.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the vesting of PRSUs as a positive sign, indicating the company met performance targets.
- Employees may be motivated by the achievement of performance targets that led to the vesting of PRSUs.
Key Dates
| Date | Description |
|---|---|
| April 4, 2022 | Date of grant for Performance-Based Restricted Stock Units (PRSUs). |
| March 15, 2025 | Date that 11,879 PRSUs and 3,228 Restricted Stock Units vested. |
| March 17, 2025 | Date of stock acquisition and disposal by Martin Cotter. |
| March 19, 2025 | Date of additional stock acquisition by Martin Cotter. |
| March 29, 2025 | Date of vesting for shares earned in connection with PRSUs granted on April 4, 2022, subject to continued employment. |
Keywords
Analog Devices, ADI, Stock, Form 4, PRSUs, Martin Cotter, SVP, Securities, Beneficial Ownership
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