Analog Devices Chair & CEO Exercises Options and Sells $3.56M in ADI Stock via 10b5-1 Plan

Insider Filing Analysis: Analog Devices Inc ($ADI)

Overview

On September 2, 2026, Chair & CEO Vincent Roche filed a Form 4 disclosing the exercise of non-qualified stock options and subsequent sale of 10,000 shares of Analog Devices Inc common stock on September 1, 2026.

Transaction Summary

• Option Exercise (Code M): 10,000 options exercised at a strike price of $108.08 per share.
• Sale (Code S): 10,000 shares sold at an average price of $356.33 per share, generating total gross proceeds of $3,563,300.
• Plan Details: The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on December 3, 2025.

Ownership Structure Post-Transaction

• Direct Ownership: 134,660.083 common shares.
• Indirect Ownership:
  • 23,515 shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust.
  • 50,000 shares held by the Vincent Roche 2026 Grantor Retained Annuity Trust.
• Derivative Holdings Remaining: 60,803 options remaining with an expiration date of March 13, 2029.

Market Significance

This transaction is classified as Low significance because it reflects a standard exercise-and-sell strategy executed automatically via a pre-scheduled Rule 10b5-1 trading plan, with the insider continuing to retain a significant direct and indirect equity stake in the company.