Puccio Richard C Jr 4

What Happened
Richard C. Puccio Jr., EVP and Chief Financial Officer of Analog Devices (ADI), had 9,967.53 shares disposed on March 16, 2026 at $310.92 per share for a total of $3,099,104. The disposal was a tax-withholding transaction to cover tax obligations arising from the vesting of 20,860 Restricted Stock Units (RSUs) on the same date, not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-03-16; price: $310.92; shares withheld/disposed: 9,967.53; gross value: $3,099,104. (Transaction code F = tax withholding)
• Footnote: Represents shares withheld to satisfy tax withholding on 20,860 RSUs that vested March 16, 2026.
• Net shares delivered after withholding: 20,860 RSUs vested − 9,967.53 shares withheld = 10,892.47 shares retained by the insider.
• Filing: Report filed 2026-03-18 (timely based on the Form 4 filing window).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context
This was a routine tax-withholding disposition tied to RSU vesting (a common administrative action). Such withholdings are not typically interpreted as a directional insider buy/sell signal. For retail investors, purchases or open-market sales tend to be more informative of an insider’s market view than tax-related withholdings.