Cotter Martin 4

What Happened Martin Cotter, Senior Vice President, Vertical Business Units at Analog Devices (ADI), exercised 17,594 stock options and immediately sold those 17,594 shares in an open-market transaction on June 2, 2026. He paid $83.48 per share to exercise (total exercise cost $1,468,747) and sold the shares at $418.00 each for gross proceeds of $7,354,292. The filing shows the option used was fully vested (footnote F1).

Key Details

• Dates and prices: 2026-06-02 — exercised 17,594 options @ $83.48 (acquired); sold 17,594 shares @ $418.00 (disposed).
• Transaction codes: M = option exercise; S = open-market sale.
• Exercise cost: $1,468,747; Sale proceeds: $7,354,292.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — the option was fully vested.
• Filing timeliness: Report filed 2026-06-03 for a 2026-06-02 transaction (no late filing indicated).

Context This was a same-day exercise-and-sell (cashless exercise) where options were converted to shares and the shares were sold in the market. Such transactions are commonly used to realize option gains and cover exercise/tax costs; they are factual disclosures and do not, by themselves, indicate the insider’s longer-term view of the company.