Analog Devices SVP Martin Cotter Withholds 705 Shares for Taxes

What Happened

• Martin Cotter, SVP, Vertical Business Units at Analog Devices (ADI), had 704.945 shares disposed (withheld) to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withheld shares were valued at $390.28 each, totaling $275,126. The RSU vesting event consisted of 1,458 shares on August 17, 2026.

Key Details

• Transaction date: August 17, 2026; filing date: August 19, 2026 (filed within typical 2-business-day window).
• Price per share: $390.28; shares withheld/disposed: 704.945; total value withheld: $275,126.
• Footnote F1: Withholding satisfies tax obligations on vesting of 1,458 RSUs on Aug 17, 2026.
• Footnote F2: Filing also notes 21.073 shares acquired under ADI’s Amended & Restated 2022 Employee Stock Purchase Plan on June 5, 2026.
• Shares owned after the transaction: Not disclosed in the filing.

Context

• This is a tax-withholding/cashless-like disposition (transaction code F), not an open-market sale or a new purchase; it’s a routine administrative action to cover taxes on vested RSUs and typically does not signal a change in insider sentiment.
• The withheld amount (704.945 of 1,458 vested RSUs) is roughly 48% of the vested shares, reflecting withholding to cover tax liabilities.