ADI Global Distribution (ADIG) CFO converts 6,469 RSUs to shares
Rhea-AI Filing Summary
ADI Global Distribution Inc. (ADIG) reported that Executive VP and CFO Michael Carlet exercised restricted stock units into common stock. On 2026-08-15, he converted 6,469 RSUs into 6,469 shares of common stock in two tranches, while 2,844 shares of common stock were delivered or withheld at $23.365 per share for payment of exercise price or tax liability. Footnotes state each RSU represents one share of common stock and that the underlying RSUs vest in quarterly installments until fully vested on February 15, 2027 and February 15, 2028, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,625 shares
Net Buy
5 txns
Insider
Carlet Michael
Role
Executive VP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 3,299 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 3,170 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,299 | -- | -- |
| Exercise | Common Stock F1 | 3,170 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 2,844 | $23.365 | $66K |
Holdings After Transaction:
Restricted Stock Units — 25,625 shares (Direct);
Common Stock — 40,335 shares (Direct)
Footnotes (3)
- 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 vest quarterly until fully vested on February 15, 2027.
- F3. The RSUs vest in equal quarterly installments until fully vested on February 15, 2028.
Key Figures
RSUs exercised (total): 6,469 shares
First RSU tranche exercised: 3,299 shares
Second RSU tranche exercised: 3,170 shares
+4 more
7 metrics
RSUs exercised (total)
6,469 shares
Derivative exercises (code M) into common stock reported for 2026-08-15
First RSU tranche exercised
3,299 shares
Restricted Stock Units converted into common stock in one transaction on 2026-08-15
Second RSU tranche exercised
3,170 shares
Restricted Stock Units converted into common stock in a second transaction on 2026-08-15
Shares delivered/withheld for exercise price or tax
2,844 shares
Code F transaction for payment of exercise price or tax liability
Per-share value for code F shares
$23.365 per share
Price used for the 2,844 common shares delivered or withheld
RSU vesting completion date (first award)
February 15, 2027
RSUs vest quarterly until fully vested on this date
RSU vesting completion date (second award)
February 15, 2028
RSUs vest in equal quarterly installments until fully vested on this date
Key Terms
Restricted Stock Units, contingent right, vest quarterly, exercise price or tax liability
4 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.
contingent right financial
"represents a contingent right to receive one share of ADI Global Distribution Inc."
vest quarterly financial
"The RSUs vest quarterly until fully vested on February 15, 2027."
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transactions did ADIG Executive VP and CFO Michael Carlet report on this Form 4?
Michael Carlet reported exercising 6,469 restricted stock units into an equal number of ADIG common shares on 2026-08-15. In connection with this, 2,844 common shares were delivered or withheld to cover payment of exercise price or tax liability at $23.365 per share.
How many ADIG restricted stock units did Michael Carlet convert into common stock?
Carlet converted a total of 6,469 RSUs into 6,469 ADIG common shares on 2026-08-15. This consisted of 3,299 RSUs from one award and 3,170 RSUs from another award, each RSU representing the right to receive one common share.
What are the vesting schedules of Michael Carlet’s ADIG RSU awards mentioned in this filing?
One RSU award vests quarterly until fully vested on February 15, 2027. A second RSU award vests in equal quarterly installments until fully vested on February 15, 2028. Each vested RSU entitles Carlet to receive one share of ADIG common stock.
Does this ADIG Form 4 indicate any open-market buying or selling by Michael Carlet?
The filing reports no open-market purchases or sales. It shows RSU exercises (code M) converting into common shares and a code F transaction where 2,844 shares were delivered or withheld for payment of exercise price or tax liability, not a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
