ADIG CFO Michael Carlet Receives 300,965 RSUs; Exercises 5,157

What Happened

• Michael Carlet, Executive VP & Chief Financial Officer of ADI Global Distribution Inc. (ADIG), was granted a series of equity awards (RSUs and PRSUs) totaling 300,965 units on August 7, 2026 (awards reported as derivative grants with $0 exercise price).
• On August 9, 2026, 5,157 of those derivative units were converted/exercised into common shares. To satisfy tax withholding obligations, 2,267 shares were surrendered at $26.89 per share for a withholding value of $60,948; the remainder of the converted shares were delivered to Carlet (approximately 2,890 net shares).
• These filings show award grants (acquisitions) and routine conversion/withholding actions rather than an open‑market purchase or sale.

Key Details

• Grant date: August 7, 2026 — total awarded: 300,965 RSUs/PRSUs (reported as derivative awards, $0 price).
• Conversion/exercise date: August 9, 2026 — 5,157 shares converted/exercised.
• Tax withholding (Disposition code F): 2,267 shares withheld at $26.89/share = $60,948.
• Vesting notes: Several grants have different vesting schedules; per footnote F8, half of one RSU grant vested on August 9, 2026 (which explains part of the conversion). Some awards are performance-based PRSUs (vesting contingent on TSR performance and continued employment; see F12–F14).
• Spin-off note: Filing references converted awards from Resideo in connection with the spin-off (F2–F3).
• Shares owned after the transactions are not stated in this filing.
• Filing appears timely (Form filed Aug 11, 2026, reporting Aug 7/9 transactions); no late filing flagged.

Context

• RSUs/PRSU = rights to receive shares if vesting conditions are met; PRSUs are contingent on performance metrics and continued employment.
• The conversion/exercise plus withholding is typical for vested RSUs: shares vest or convert, and a portion is withheld/surrendered to cover taxes (code F), not an open-market sale by the insider.
• These actions are routine compensation-related transactions and do not by themselves indicate the insider’s market view.