Jain Vivek 4
Research Summary
AI-generated summary
Analog Devices (ADI) EVP Vivek Jain Withholds 6,386 Shares for Taxes
What Happened
Vivek Jain, Executive Vice President, Global Operations at Analog Devices, had 6,386.093 shares withheld on March 30, 2026 to satisfy tax withholding obligations related to vested performance-based restricted stock units (RSUs). The shares were valued at $303.10 each, totaling approximately $1,935,625. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: March 30, 2026; filing date (Accession): 2026-04-01 (Form 4).
- Price per share: $303.10; shares withheld/disposed: 6,386.093; reported value ≈ $1,935,625.
- Footnote: Shares were withheld to satisfy taxes on 12,576 performance-based RSUs that vested on March 30, 2026.
- Shares owned after the transaction: Not reported in this filing.
- Transaction type: Tax withholding of vested RSUs (code F) — routine settlement, not a market-timed sale. Filing does not indicate lateness.
Context
Withholding shares to cover tax obligations is a common administrative action when RSUs vest; it typically reflects payroll tax settlement rather than a decision to liquidate holdings for investment reasons. For retail investors, such withholdings are routine and do not necessarily signal insider sentiment about the company’s stock.