ADI Global Distribution Inc. (ADIG) director receives new and converted DRSU awards
Rhea-AI Filing Summary
ADI Global Distribution Inc. director Cynthia Lynn Hostetler reported three acquisitions of Deferred Restricted Stock Units (DRSUs) tied to the company’s common stock on August 7, 2026. Awards cover 5,825, 8,004, and 23,584 underlying shares, vesting between 2027 and already‑vested tranches, and are generally settled seven months after she terminates service on the board.
Positive
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hostetler Cynthia Lynn
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units F1, F2 | 5,825 | $0.00 | $0.00 |
| Grant/Award | Deferred Restricted Stock Units F1, F3, F4 | 8,004 | $0.00 | $0.00 |
| Grant/Award | Deferred Restricted Stock Units F1, F3, F5 | 23,584 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 37,413 shares (Direct)
Footnotes (5)
- F1. Each deferred restricted stock unit ("DRSU") represents a contingent right to receive one share of ADI Global Distribution Inc. (the "Issuer") common stock.
- F2. The DRSUs will vest on August 7, 2027 and once vested, will be credited to the Reporting Person's account and settled seven months after the Reporting Person terminates her service on the Issuer's board of directors (the "Board").
- 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 DRSUs vest on the earlier of June 3, 2027 or the date of the Issuer's 2027 annual meeting of stockholders, and once vested, will be credited to the Reporting Person's account and settled seven months after the Reporting Person terminates her service on the Board.
- F5. The DRSUs are vested and will be settled seven months after the Reporting Person terminates her service on the Board.
Key Figures
DRSUs granted: 5,825 units
Converted DRSUs (unvested): 8,004 units
Converted DRSUs (vested): 23,584 units
+1 more
4 metrics
DRSUs granted
5,825 units
Deferred Restricted Stock Units granted on August 7, 2026, vesting August 7, 2027
Converted DRSUs (unvested)
8,004 units
Resideo awards converted to issuer equity; vest on earlier of June 3, 2027 or 2027 annual meeting
Converted DRSUs (vested)
23,584 units
Resideo awards converted to issuer equity; already vested, settled seven months after board service ends
Conversion ratio
1 DRSU : 1 share
Each DRSU represents a contingent right to receive one share of common stock
Key Terms
Deferred Restricted Stock Units, contingent right, spin-off, vest, +1 more
5 terms
Deferred Restricted Stock Units financial
"Each deferred restricted stock unit ("DRSU") represents a contingent right"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
contingent right financial
"represents a contingent right to receive one share of ADI Global"
spin-off financial
"converted into equity awards of the Issuer in connection with the spin-off"
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.
vest financial
"The DRSUs will vest on August 7, 2027 and once vested, will be"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"and settled seven months after the Reporting Person terminates her service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did ADIG director Cynthia Lynn Hostetler report on this Form 4?
Cynthia Lynn Hostetler reported three grants of Deferred Restricted Stock Units covering 5,825, 8,004, and 23,584 underlying ADI Global Distribution Inc. common shares, all acquired at a $0.0000 per-unit transaction price.
When do Cynthia Lynn Hostetler’s new ADIG Deferred Restricted Stock Units vest?
One DRSU grant of 5,825 units vests on August 7, 2027. Converted Resideo awards of 8,004 units vest on the earlier of June 3, 2027 or the 2027 annual meeting, while 23,584 units are already vested.
How and when will the ADIG DRSUs reported by Cynthia Lynn Hostetler be settled?
The filing states vested DRSUs will be credited to her account and settled seven months after she terminates her service on ADI Global Distribution Inc.’s board of directors, delaying share delivery until after board service ends.
What does each ADIG Deferred Restricted Stock Unit reported on the Form 4 represent?
Each Deferred Restricted Stock Unit (DRSU) represents a contingent right to receive one share of ADI Global Distribution Inc. common stock, linking director compensation directly to the company’s equity performance over time.
How are Resideo equity awards reflected in Cynthia Lynn Hostetler’s ADIG Form 4 filing?
Two DRSU grants, for 8,004 and 23,584 units, represent equity awards originally granted by Resideo Technologies, Inc. that were converted into ADI Global Distribution Inc. awards in connection with the issuer’s spin-off from Resideo.