Analog Devices Chair & CEO Vincent Roche Executes Rule 10b5-1 Option Exercise and Sale

Insider Filing Analysis: Analog Devices Inc. (ADI)

Executive Summary

On October 1, 2026, Vincent Roche, Chair and Chief Executive Officer of Analog Devices Inc., executed a routine option exercise and sale involving 10,000 shares of common stock. The transactions were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on December 3, 2025.

Transaction Details

• Option Exercise (Code M): Exercised 10,000 options expiring March 13, 2029, at a strike price of $108.08 per share for an aggregate exercise cost of $1,080,800.
• Open Market Sale (Code S): Sold 10,000 shares at an average price of $396.94 per share, realizing gross proceeds of $3,969,400.
• Net Equity Position Change: Direct equity ownership remained unchanged relative to the start of the transaction series (exercised 10,000 shares and immediately disposed of 10,000 shares).

Ownership & Structural Context

Following these transactions, Vincent Roche retains substantial exposure to ADI equity:

• Direct Ownership: 115,460.083 shares
• Indirect Ownership: 73,515 shares held through two Grantor Retained Annuity Trusts (23,515 shares via the 2024 GRAT and 50,000 shares via the 2026 GRAT)
• Derivative Holdings: 50,803 remaining vested non-qualified stock options

Trading Significance

The trading significance is assessed as Low. The disposition was entirely offset by an option exercise and executed under an affirmative defense Rule 10b5-1 plan established ten months prior, reflecting planned executive compensation realization rather than a discretionary market-timing trade.