ADI Global (ADIG) EVP Marco Cardazzi Receives RSU Awards

What Happened

• Marco Cardazzi, Executive Vice President and Chief Merchandising Officer of ADI Global Distribution Inc. (ADIG), received four restricted stock unit (RSU) awards on 2026-08-07 totaling 31,113 RSUs. The awards were granted at $0.00 (derivative awards that convert to one share each upon vesting).
• Total by grant: 6,798 RSUs; 11,327 RSUs; 12,221 RSUs; and 767 RSUs. These awards were converted from Resideo Technologies, Inc. equity awards in connection with ADI’s spin-off. No shares were sold or purchased — this is an award/grant.

Key Details

• Transaction date: 2026-08-07. Form 4 filed: 2026-08-11.
• Price: $0.00 per RSU (derivative award; each RSU represents the right to one common share on vesting).
• Total awarded: 31,113 RSUs (6,798 + 11,327 + 12,221 + 767).
• Vesting schedules (per filing footnotes):
  • 6,798 RSUs vest on February 5, 2027.
  • 11,327 RSUs vest in equal installments on February 12, 2027 and February 12, 2028.
  • 12,221 RSUs vest in equal installments on February 13, 2027, February 13, 2028 and February 13, 2029.
  • 767 RSUs vest in equal installments on July 14, 2027 and July 14, 2028 (the reporting person is the spouse of the direct owner of these RSUs).
• Shares owned after transaction: not reported in the provided excerpt.
• Filing timeliness: Form 4 shows a filing date of 2026-08-11 for the 2026-08-07 grant (the filing date is shown; the filing appears to fall within the typical Form 4 window).

Context

• RSUs are derivative awards that convert into common stock when they vest; no cash changed hands at grant. Such awards are common for employee compensation and do not by themselves indicate an immediate buy or sell signal.
• These awards were converted from legacy Resideo awards due to the company spin-off; vesting is staggered over 2027–2029 depending on the award.