JENNINGS STEPHEN M 4

What Happened

• Stephen M. Jennings, a director of Analog Devices, received an award of 747 restricted stock units (RSUs) on March 11, 2026. The filing shows the acquisition price as $0.00 (award), so there was no cash purchase involved.
• The RSUs convert into one share of ADI common stock per vested RSU upon vesting; no immediate shares were sold.

Key Details

• Transaction date: 2026-03-11; Transaction type/code: Award/Grant (A); Amount: 747 RSUs; Reported price: $0.00.
• Vesting: 100% vests on the earlier of March 11, 2027 or the date of the company’s next Annual Meeting of Shareholders (per footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported to the SEC on 2026-03-12 for a 2026-03-11 transaction (appears timely).
• Footnote summary: Annual non-employee director RSU grant that automatically converts to one share per vested RSU on the vesting date.

Context

• This is a routine director compensation award rather than an open-market purchase or sale; such grants are common and reflect standard board pay rather than a direct buy or sell signal.
• RSUs are derivative awards that only become actual shares when they vest and convert, potentially subject to tax-withholding or other company plan provisions at that time.