ADI Global Distribution (ADIG) CEO receives multiple RSU and PRSU grants
Rhea-AI Filing Summary
ADI Global Distribution Inc. reported that President and Chief Executive Officer Robert B. Aarnes received multiple equity awards on August 7, 2026. These awards include grants of restricted stock units (RSUs) and performance restricted stock units (PRSUs), each representing a right to receive one share of common stock if vesting conditions are met. One RSU grant of 47,483 units vests on August 3, 2029, and several other RSU grants that were originally awarded by Resideo Technologies, Inc. were converted into issuer equity in connection with the spin-off, with vesting dates in 2027–2029. PRSU awards of 37,082 and 44,811 units vest based on relative total shareholder return performance and continued employment through February 12, 2028 and February 13, 2029, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 47,483 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F4 | 220,859 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F5 | 363,926 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F6 | 49,442 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F7 | 44,812 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F8 | 55,623 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F3, F9, F10 | 37,082 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F3, F9, F11 | 44,811 | $0.00 | $0.00 |
Footnotes (11)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of ADI Global Distribution Inc. (the "Issuer") common stock.
- F2. The RSUs will vest on August 3, 2029.
- F3. 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.
- F4. The RSUs vest February 5, 2027.
- F5. The RSUs vest in equal installments on February 15, 2027 and February 15, 2028.
- F6. The RSUs vest in equal installments on February 12, 2027 and February 12, 2028.
- F7. The RSUs vest in equal installments on February 13, 2027, February 13, 2028 and February 13, 2029.
- F8. The RSUs vest on February 12, 2028.
- F9. Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of the Issuer common stock.
- F10. The PRSUs vest when (i) performance criteria relating to the relative total shareholder return of the Issuer common stock are met and (ii) the Reporting Person is employed by the Issuer on February 12, 2028. The performance period ends December 31, 2027.
- F11. The PRSUs vest when (i) performance criteria relating to the relative total shareholder return of the Issuer common stock are met and (ii) the Reporting Person is employed by the Issuer on February 13, 2029. The performance period ends December 31, 2028.
Key Figures
Key Terms
Restricted Stock Units financial
Performance Restricted Stock Units financial
spin-off financial
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