ADI Global Distribution Inc. (ADIG) director reports 13,829 RSU awards for CD&R entity
Rhea-AI Filing Summary
ADI Global Distribution Inc. reported that director Nathan K. Sleeper received two equity awards of restricted stock units (RSUs) tied to the company’s common stock. On August 7, 2026, he was granted 5,825 RSUs that vest on August 7, 2027, and 8,004 RSUs that vest on the earlier of June 3, 2027 or the date of the company’s 2027 annual stockholders meeting. Each RSU represents a contingent right to receive one share of common stock. The 8,004-unit award represents Resideo Technologies, Inc. equity awards converted in connection with ADI Global Distribution Inc.’s spin-off from Resideo. According to the disclosure, Sleeper holds these RSUs for the benefit of CD&R Channel Holdings, L.P. or an affiliate and is obligated to transfer the shares received upon settlement, and therefore disclaims beneficial ownership of the reported securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 5,825 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F4, F5, F3 | 8,004 | $0.00 | $0.00 |
Footnotes (5)
- 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 7, 2027.
- F3. The Reporting Person holds the RSUs for the benefit of, and is obligated to transfer the shares of Issuer common stock received in settlement thereof to, CD&R Channel Holdings, L.P. or an affiliate thereof, and the Reporting Person therefore disclaims beneficial ownership of the reported securities.
- F4. 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.
- F5. The RSUs vest on the earlier of June 3, 2027 or the date of the Issuer's 2027 annual meeting of stockholders.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
beneficial ownership financial
spin-off financial
annual meeting of stockholders financial
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