Resideo Technologies Announces ADI Spin-Off, Equity Plan Adjustments

What Happened
Resideo Technologies, Inc. announced the separation of its ADI Global Distribution business, effective August 3, 2026. The ADI business was transferred to ADI Global Distribution Inc., and Resideo distributed all outstanding shares of ADI common stock pro rata to Resideo common stockholders. As a result, Resideo adjusted the number of shares underlying outstanding awards and the shares authorized for future issuance under its equity plans pursuant to the plans’ anti‑dilution provisions, with those adjustments effective August 7, 2026. Resideo also amended the affected plans to reflect the adjustments. The company filed unaudited pro forma condensed consolidated financial statements reflecting the separation as Exhibit 99.1 to the 8‑K.

Key Details

• Separation effective date: August 3, 2026; ADI business transferred to ADI Global Distribution Inc.
• Distribution: All outstanding ADI common shares distributed pro rata to Resideo common stockholders.
• Equity plans adjusted (effective August 7, 2026): Amended and Restated 2018 Stock Incentive Plan, 2018 Stock Plan for Non‑Employee Directors, Resideo Employee Stock Purchase Plan.
• Filing includes amended plan documents and adjustment notices (Exhibits 10.1–10.9) and unaudited pro forma financial statements (Exhibit 99.1).

Why It Matters
The spin‑off changes Resideo’s ownership structure by distributing ADI shares to Resideo shareholders and alters the share counts used for employee and director awards. Anti‑dilution adjustments affect how many shares underlie existing awards and the pool available for future grants, which can change dilution dynamics for investors. Investors should review the pro forma financial statements (Exhibit 99.1) and the amended plan documents in the 8‑K to understand the post‑separation capital structure and the specific adjustments to equity compensation.