ADI Global Distribution (ADIG) CFO reports RSU conversion, tax-share delivery and new PRSU grants
Rhea-AI Filing Summary
ADI Global Distribution Inc. executive vice president and CFO Michael Carlet reported equity compensation activity. On August 9, 2026, 5,157 restricted stock units were converted into 5,157 common shares, with 2,267 shares valued at $26.885 per share delivered or withheld to cover the exercise price or tax liability. On August 7, 2026, he received multiple grants of restricted stock units and performance restricted stock units linked to ADI common stock, each vesting on specified future dates or based on relative total shareholder return performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,890 shares
Net Buy
13 txns
Insider
Carlet Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F8 | 5,157 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 5,157 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 2,267 | $26.885 | $61K |
| Grant/Award | Restricted Stock Units F1, F3, F4 | 44,947 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F5 | 40,737 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F6 | 16,915 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F7 | 9,895 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F8 | 10,314 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F9 | 22,199 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F10 | 30,943 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F3, F11 | 50,566 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F3, F12, F13 | 33,711 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F3, F12, F14 | 40,738 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 221,359 shares (Direct);
Performance Restricted Stock Units — 74,449 shares (Direct);
Common Stock — 36,710 shares (Direct)
Footnotes (14)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of ADI Global Distribution Inc. (the "Issuer") common stock.
- F2. Includes 33,820 shares received in connection with the spin-off of the Issuer from Resideo Technologies, Inc. ("Resideo"). Such acquisition was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-9 under the Exchange Act.
- F3. Represents equity awards originally granted by 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 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 RSUs vest on February 15, 2027.
- F7. The RSUs vest quarterly until fully vested on February 15, 2027.
- F8. The RSUs vest in equal installments on August 9, 2026 and August 9, 2027. Accordingly and as reported on this Form 4, half of the RSUs vested on August 9, 2026.
- F9. The RSUs vest in equal quarterly installments until fully vested on February 15, 2028.
- F10. The RSUs vest on February 5, 2027.
- F11. The RSUs vest on February 12, 2028.
- F12. Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of the Issuer common stock.
- F13. 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.
- F14. 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
RSUs converted: 5,157 shares
Shares for exercise price or taxes: 2,267 shares at $26.885 per share
RSU grant size example: 44,947 RSUs
+3 more
6 metrics
RSUs converted
5,157 shares
Restricted stock units converted into ADI common stock on August 9, 2026
Shares for exercise price or taxes
2,267 shares at $26.885 per share
Common shares delivered or withheld for exercise price or tax liability on August 9, 2026
RSU grant size example
44,947 RSUs
Restricted stock unit grant on August 7, 2026 linked to ADI common stock
Additional RSU grant
40,737 RSUs
Restricted stock unit award on August 7, 2026 with future vesting dates
Performance RSU grant
33,711 PRSUs
Performance RSUs granted August 7, 2026, vesting based on relative total shareholder return
Spin-off shares
33,820 shares
Shares received in spin-off from Resideo Technologies, Inc., exempt under Rule 16a-9
Key Terms
Restricted Stock Units, Performance Restricted Stock Units, relative total shareholder return, spin-off, +1 more
5 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.
Performance Restricted Stock Units financial
"Each performance restricted stock unit ("PRSU") represents a contingent right"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
spin-off financial
"shares received in connection with the spin-off of the Issuer from Resideo Technologies"
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.
Rule 16a-9 regulatory
"Such acquisition was exempt from Section 16 ... pursuant to Rule 16a-9"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did ADIG CFO Michael Carlet report on this Form 4?
Michael Carlet reported conversion of 5,157 RSUs into 5,157 ADIG common shares, delivery or withholding of 2,267 shares at $26.885 for exercise price or tax liability, and multiple new RSU and PRSU grants vesting over future years.
What RSU activity did ADIG report for Michael Carlet on August 9, 2026?
On August 9, 2026, 5,157 restricted stock units were exercised or converted into 5,157 ADIG common shares, with a portion (2,267 shares) used to satisfy the exercise price or related tax obligations.
What new equity awards did ADIG grant to Michael Carlet on August 7, 2026?
On August 7, 2026, Michael Carlet received several restricted stock unit awards, including tranches of 44,947 and 40,737 RSUs, plus performance restricted stock units such as a 33,711-PRSU grant tied to relative total shareholder return.
How do Michael Carlet’s ADIG performance RSUs vest according to the Form 4?
The performance restricted stock units each convert into one ADIG common share if relative total shareholder return criteria are met and he remains employed through February 12, 2028 or February 13, 2029, after performance periods ending in 2027 and 2028, respectively.