CD&R restructures its Resideo preferred stake after the ADI spin-off, extending the lock-up through 2028
REZI sits 50% above its 52-week low of $17.459.
Summary
CD&R restructured its Resideo preferred stock in connection with the ADI spin-off, retaining a 19.7% stake and extending its lock-up to 2028, signaling continued strategic alignment.
Key Events · Ownership and Investor Activity · REZI
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Preferred Stock Exchange
CD&R exchanged 149,550 shares of Resideo preferred stock for ADI preferred stock, retaining 348,950 preferred shares convertible into 18.5 million common shares at $18.844 per share.
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Lock-Up Extended to 2028
The lock-up on all Resideo common and preferred shares held by CD&R was extended to August 3, 2028, preventing sales for two more years.
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Board Change
Following the spin-off, CD&R partner Andrew Campelli replaced Nathan Sleeper on Resideo's board.
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Ownership Stake
CD&R beneficially owns 19.7% of Resideo, comprising 14.96 million common shares and 18.5 million shares underlying preferred stock.
Analysis · REZI · Trade & Services
As part of the ADI spin-off, Clayton, Dubilier & Rice (CD&R) swapped a portion of its Resideo preferred stock for ADI preferred shares, keeping a 19.7% economic interest in Resideo via 14.96 million common shares and 348,950 preferred shares convertible at $18.844. The lock-up covering all CD&R Resideo holdings now runs to August 2028, and a new CD&R partner has joined the board. The moves cement CD&R's long-term commitment to Resideo while aligning its interests with the newly independent ADI entity.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 29.2% of the 1713 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, REZI was trading at $26.17 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4B. The 52-week trading range was $17.46 to $31.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.