'Analog Devices' Outside Directors Receive Uniform Stock Compensation of Equivalent Scale

Three independent directors of Analog Devices, Inc. (NYSE: ADI) each received identical grants of restricted stock units (RSUs) as part of their annual compensation on March 11. Edward H. Frank, Mercedes Johnson, and Stephen M. Jennings were each awarded 747 RSUs, equivalent to 747 shares of common stock. These awards will fully vest and convert into common shares on March 11, 2027, or at the company’s next annual shareholders’ meeting, whichever occurs first. According to the disclosure, the three directors’ holdings have increased by thousands of shares, and no open-market purchase or sale transactions were reported.

In its fiscal first-quarter 2026 results, released on February 18, Analog Devices reported revenue of $3.16 billion (approximately KRW 4.3 trillion), up 30% year-over-year. The board also approved an 11% increase in the quarterly dividend to $1.10 per share (about KRW 1,500). Additionally, the company notified customers on February 1 that it would raise prices on certain products by 10% to 30%, aligning with an industry-wide trend of price increases in analog semiconductors.

Headquartered in Wilmington, Massachusetts, Analog Devices is a designer and manufacturer of analog and mixed-signal semiconductors, with a strong focus on industrial, automotive, and communications applications. Alongside Texas Instruments, it is one of the leading global players in the analog semiconductor market, offering a broad portfolio that includes data converters, power management solutions, and RF components.