Cotter Martin 4

What Happened Martin Cotter, Senior Vice President, Vertical Business Units at Analog Devices (ADI), had 3,880.571 shares withheld to satisfy tax withholding obligations related to the vesting of performance-based RSUs. The withholding was recorded on 2026-03-30 at a per-share value of $303.10, totaling $1,176,201. This transaction is a tax-withholding event (code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-03-30 at $303.10 per share.
• Shares withheld/disposed: 3,880.571 shares; total value ≈ $1,176,201.
• Reason: Withheld to satisfy tax obligations for 8,026 Performance-Based Restricted Stock Units that vested on March 30, 2026 (footnote F1).
• Shares owned after transaction: not specified in the filing.
• Filing: Report filed 2026-04-01 for the 2026-03-30 transaction; filing appears timely based on the report dates.

Context Withholding shares to cover taxes on vested RSUs is a routine, administrative action and generally does not indicate insider buying or selling for investment purposes. Transaction code F denotes shares retained by the company to satisfy tax withholding rather than a market sale.