ADI Global Distribution (ADIG) Director William Galvin Receives Award

What Happened

• William Galvin, a director of ADI Global Distribution Inc. (ADIG), received a grant of 5,825 deferred restricted stock units (DRSUs) on August 7, 2026. The Form 4 reports the grant as a derivative award at $0.00 (typical for equity units reported as contingent/derivative awards rather than an open-market purchase).

Key Details

• Transaction date: 2026-08-07 (grant)
• Filing date: 2026-08-11 (filed 4 days after the grant; Form 4s are normally due within 2 business days, so this appears late)
• Award: 5,825 DRSUs; reported price: $0.00 (derivative award)
• Shares owned after transaction: Not reported in the filing
• Transaction code: A (award/grant)
• Footnotes: F1 — Each DRSU represents a contingent right to one share of common stock. F2 — The DRSUs vest on August 7, 2027; once vested they will be credited to the reporting person’s account and are to be settled seven months after the reporting person terminates service on the board.

Context

• DRSUs are a form of compensation, not an open-market purchase or sale. They give the holder a future right to receive shares (one share per unit) if and when vesting conditions are met. The $0.00 reported on the Form 4 reflects the award/derivative reporting convention and does not mean the units have no economic value. The late filing may be a compliance oversight but is worth noting for timing/monitoring purposes.