Resideo (REZI) reports 5,000-share ADI Global Distribution (ADIG) stake in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
RESIDEO TECHNOLOGIES, INC. filed an initial ownership report for ADI GLOBAL DISTRIBUTION INC., showing direct holdings of 5,000 shares of ADI Global Distribution common stock. Resideo is identified as both a director and a ten percent owner of ADI Global Distribution.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RESIDEO TECHNOLOGIES, INC.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,000 shares (Direct)
Footnotes (1)
Key Figures
Shares owned: 5,000 shares
1 metrics
Shares owned
5,000 shares
Common Stock of ADI Global Distribution following reported holding
Key Terms
Common Stock, ten percent owner, beneficial ownership
3 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
ten percent owner financial
"is_ten_percent_owner: 1"
beneficial ownership regulatory
"Form 3 initial beneficial ownership report for ADI Global Distribution"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does Resideo Technologies' Form 3 filing for ADIG show?
Resideo Technologies' Form 3 shows it directly holds 5,000 shares of ADI Global Distribution common stock. The filing establishes Resideo as a director and ten percent owner, disclosing its initial beneficial ownership position in ADIG for regulatory transparency.
What is the relationship between Resideo (REZI) and ADI Global Distribution (ADIG)?
Resideo is listed as both a director and a ten percent owner of ADI Global Distribution. This indicates significant governance involvement and equity ownership, requiring public disclosure of its holdings through a Form 3 beneficial ownership report.
Does Resideo’s Form 3 filing indicate any recent buy or sell transaction in ADIG?
The Form 3 identifies a holding entry with 5,000 shares but does not classify it as a buy or sell. Form 3 generally records initial beneficial ownership when an entity becomes an insider, rather than detailing specific trade activity.
Why is Resideo Technologies required to file a Form 3 for ADIG?
Resideo must file Form 3 because it is identified as a director and ten percent owner of ADI Global Distribution. Such insiders are required to disclose their initial beneficial ownership positions when they attain insider status under U.S. securities rules.