Analog Devices insider trust transfer: 11,306 shares to irrevocable trust
Rhea-AI Filing Summary
Vincent Roche, Chair & CEO of Analog Devices, Inc. (ADI), reported changes in his beneficial ownership on 10/07/2025. Upon termination of the 2023 GRAT, 11,306 shares were transferred to an independent 2023 Irrevocable Trust in which he has no pecuniary interest, while 23,522 shares were disbursed from the 2023 GRAT to Mr. Roche to satisfy the trust's annuity obligation. The filing also shows 163,640.462 shares held in the 2023 GRAT prior to the transfers and 23,515 shares held in the 2024 GRAT. The Form 4 was signed by General Counsel by power of attorney on 10/08/2025.
Positive
- 11,306 shares moved to an independent irrevocable trust, removing pecuniary interest of the reporting person
- 23,522 shares disbursed to satisfy the 2023 GRAT annuity obligation, consistent with planned trust mechanics
Negative
- None.
Insights
Insider moved shares into an independent irrevocable trust and received annuity distribution.
The transfer of 11,306 shares to an independent irrevocable trust removes those shares from the reporting person's pecuniary control, which can signal estate‑planning or ownership reallocation rather than opportunistic trading. The separate disbursement of 23,522 shares to satisfy an annuity obligation is a mechanical trust event, not an open-market sale.
Watch for any subsequent Form 4s showing open-market sales or purchases within the next few reporting periods; trust terminations and annuity settlements often have predictable, non‑market motives over months to one year.
Transactions reflect standard GRAT mechanics and annuity payout to the grantor.
Grantor Retained Annuity Trusts typically distribute annuity amounts back to the grantor; the 23,522 share disbursement aligns with that structure. The remaining shares reported in the 2023 GRAT and 2024 GRAT indicate continued use of GRATs for compensation or estate planning.
Investors may note timing and size of future GRAT terminations or annuity payments as they occur during the next 12 months, since those events change beneficial ownership records without indicating market trading intent.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Comm Stock-$.16-2/3 value | 11,306 | $0.00 | -- |
| holding | Comm Stock - $.16-2/3 value | -- | -- | -- |
| holding | Comm Stock-$.16-2/3 value | -- | -- | -- |
Footnotes (1)
- Upon termination of the Vincent Roche 2023 Grantor Retained Annuity Trust (the "2023 GRAT"), pursuant to its terms, 11,306 shares were transferred to the Vincent Roche 2023 Irrevocable Trust (the "2023 Trust"). The 2023 Trust is administered by an independent trustee and the Reporting Person does not have a pecuniary interest in the shares held by the 2023 Trust. A disbursement of 23,522 shares was made from the 2023 GRAT to the Reporting Person on October 7, 2025 in satisfaction of the 2023 GRAT's annuity obligation. Includes 23,522 shares that were disbursed from the 2023 GRAT to the Reporting Person on October 7, 2025 in satisfaction of the 2023 GRAT's annuity obligation. Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024.
