Resideo to spin off ADI Global Distribution, list shares on NYSE as ADIG

Spin-off financing includes about USD 1 billion of new debt. ADI expects to pay a one-time cash dividend of about USD 900 million to Resideo.

Resideo preferred holders will exchange part of their stake into ADI preferred stock; it carries a 7% dividend rate and an initial conversion price of USD 16.152.

Distribution is set for Aug. 3, 2026, at 5:00 p.m. ET. Holders of Resideo common stock on July 20, 2026 will receive 1 ADI share per 2 Resideo shares.

Resideo will spin off its ADI Global Distribution business into a standalone, NYSE-listed distributor focused on low-voltage security and AV products.

ADI has applied to list on the NYSE under “ADIG”; Resideo will continue trading under “REZI.”