ADI Global (ADIG) CFO Michael Carlet Exercises RSUs, Sells Shares

What Happened
Michael Carlet, Executive Vice President and Chief Financial Officer of ADI Global Distribution Inc. (ADIG), had restricted stock units (RSUs) convert into common shares on August 15, 2026. A total of 6,469 RSUs vested (3,299 + 3,170). To satisfy tax withholding, 2,844 shares were surrendered/sold at $23.36 per share for proceeds of $66,450. The remaining 3,625 shares were retained by Carlet (6,469 vested − 2,844 withheld).

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (filed on the reporting deadline).
• Vesting/conversion: 3,299 and 3,170 RSUs converted to common stock (reported as derivative exercise/conversion, code M). Conversion reported with $0 sale proceeds (typical for RSU settlement).
• Tax withholding: 2,844 shares surrendered/disposed to cover taxes at $23.36 each, total $66,450 (reported under code F).
• Net shares received: 3,625 newly issued/retained shares after withholding.
• Footnotes: F1 = each RSU equals one share; F2 = one set of RSUs vests quarterly through Feb 15, 2027; F3 = another set vests quarterly through Feb 15, 2028.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context
This was a routine RSU vesting and tax-withholding settlement, not an open-market buy or sell for investment purposes. RSU conversions are common compensation events; the surrender of shares for taxes is a typical cashless settlement and does not necessarily signal a change in the insider’s view of the company.