ROCHE VINCENT 4

What Happened

• Vincent Roche, Chair & CEO of Analog Devices (ADI), exercised 10,000 stock options at $94.41 per share (cost $944,100) and sold 10,000 shares in an open-market transaction at $306.92 per share, generating proceeds of $3,069,200. The option involved is fully vested.

Key Details

• Transaction date: February 2, 2026; Form filed February 3, 2026 (timely).
• Exercise detail: 10,000 shares exercised at $94.41 (total exercise cost $944,100).
• Sale detail: 10,000 shares sold at $306.92 (total proceeds $3,069,200).
• Footnotes: sale executed under a 10b5-1 trading plan adopted May 23, 2025 (F1); some shares are held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated Oct 3, 2024 (F2); the option exercised was fully vested (F3).
• Shares owned after the transactions: not specified in the provided filing.

Context

• This was effectively a same-day exercise-and-sell (cashless-style) transaction: Roche exercised vested options and the resulting shares were sold the same day under a pre-arranged 10b5-1 plan. Such transactions are common for executives to monetize option value; the filing shows execution details but does not indicate motive.