ADI Global Distribution (ADIG) grants converted RSU awards to executive Marco Cardazzi
Rhea-AI Filing Summary
ADI Global Distribution Inc. reported that Executive Vice President and Chief Merchandising Officer Marco Cardazzi received several equity awards in the form of Restricted Stock Units (RSUs) tied to the company’s common stock. The awards reflect equity previously granted by Resideo Technologies, Inc. that was converted into ADI Global Distribution equity in connection with ADI’s spin-off from Resideo.
The filing lists multiple RSU grants on August 7, 2026, each representing a contingent right to receive one share of common stock. One grant vests on February 5, 2027, another in equal installments on February 12, 2027 and February 12, 2028, and a third in equal installments on February 13, 2027, February 13, 2028 and February 13, 2029. An additional RSU position of 767 units is held indirectly through the reporting person’s spouse and vests in equal installments on July 14, 2027 and July 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Cardazzi Marco
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 6,798 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F2, F4 | 11,327 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F2, F5 | 12,221 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F2, F6 | 767 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 30,346 shares (Direct);
Restricted Stock Units — 767 shares (Indirect, See Footnote)
Footnotes (6)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of ADI Global Distribution Inc. (the "Issuer") common stock.
- F2. Represents equity awards originally granted by Resideo Technologies, Inc. ("Resideo") that have been converted into equity awards of the Issuer in connection with the spin-off of the Issuer from Resideo.
- F3. The RSUs vest February 5, 2027.
- F4. The RSUs vest in equal installments on February 12, 2027 and February 12, 2028.
- F5. The RSUs vest in equal installments on February 13, 2027, February 13, 2028 and February 13, 2029.
- F6. The Reporting Person is the spouse of the direct owner of the RSUs, which vest in equal installments on July 14, 2027 and July 14, 2028.
Key Figures
RSU grant 1 shares: 6798 RSUs
RSU grant 2 shares: 11327 RSUs
RSU grant 3 shares: 12221 RSUs
+1 more
4 metrics
RSU grant 1 shares
6798 RSUs
Restricted Stock Units vesting on February 5, 2027
RSU grant 2 shares
11327 RSUs
Restricted Stock Units vesting in equal installments on February 12, 2027 and February 12, 2028
RSU grant 3 shares
12221 RSUs
Restricted Stock Units vesting in equal installments on February 13, 2027, 2028 and 2029
Indirect RSU holdings
767 RSUs
Indirectly held through spouse; vest in equal installments on July 14, 2027 and July 14, 2028
Key Terms
Restricted Stock Units, spin-off, indirect ownership
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
spin-off financial
"converted into equity awards of the Issuer in connection with the spin-off of the Issuer"
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
indirect ownership financial
"The Reporting Person is the spouse of the direct owner of the RSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity awards did ADIG executive Marco Cardazzi report on this Form 4?
Marco Cardazzi reported four RSU transactions relating to ADI Global Distribution Inc. common stock. These include multiple grants vesting between February 5, 2027 and February 13, 2029, plus an indirectly held RSU grant through his spouse.
How are the ADIG RSUs reported by Marco Cardazzi structured?
Each reported RSU represents a contingent right to receive one share of ADI Global Distribution Inc. common stock. The RSUs vest on specified future dates, with several grants vesting in equal installments over multi‑year periods ending in 2029.
What is the origin of the ADIG RSU awards disclosed on this Form 4?
The filing states the RSU awards were originally granted by Resideo Technologies, Inc. and were later converted into ADI Global Distribution equity awards in connection with ADI’s spin-off from Resideo, aligning prior grants with the new issuer.
When do the main ADIG RSU grants to Marco Cardazzi vest?
One RSU grant vests on February 5, 2027. Additional grants vest in equal installments on February 12, 2027 and 2028, and February 13, 2027, 2028 and 2029, creating staggered vesting over several years.
Are the ADIG RSU awards to Marco Cardazzi part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5‑1 checkbox is not marked as affirming a trading plan. The transactions are reported as grants or award acquisitions of RSUs rather than open-market trades under a pre-arranged selling plan.