Hassett Joseph 4
4 · ANALOG DEVICES INC · Filed Dec 17, 2020
Insider Transaction Report
Form 4
Hassett Joseph
SVP, Worldwide Manufacturing
Transactions
- Award
Performance-Based Restricted Stock Unit
2020-12-15+13,460→ 13,460 totalExercise: $0.00→ Comm Stock - $.16-2/3 value (13,460 underlying)
Footnotes (2)
- [F1]Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters relating to the successful integration of Maxim Integrated Products, Inc. (Maxim) and achievement of the Company's synergy goals, as approved by the Company's Compensation Committee, over a performance period from December 15, 2020 until the two-year anniversary of the closing of the Maxim acquisition (Performance Period).
- [F2]Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company on the 60th day following the Performance Period. If the Maxim acquisition does not close, the Performance-Based RSUs will be cancelled.