Resideo Technologies’ board of directors has formally approved the planned spin-off of ADI Global Distribution, setting a July 20 record date and an Aug. 3 expected distribution date for the transaction.

The Scottsdale, Arizona-based sensing and control products manufacturer and distributor said July 1 that Resideo shareholders of record as of the close of business on July 20 are expected to receive one share of ADI common stock for every two shares of Resideo common stock held. The distribution is expected to be made as a special stock dividend.

The spin-off remains subject to the satisfaction or waiver of customary conditions, Resideo said. The company expects the transaction to be tax-free to Resideo shareholders for U.S. federal income tax purposes, except for cash received in lieu of fractional shares.

ADI’s common stock is expected to list on the New York Stock Exchange Aug. 4 under the ticker symbol “ADIG.” Resideo common stock will continue trading on the NYSE under “REZI.”

The update provides the clearest timing yet for the separation, which Resideo first announced in late July 2025. At that time, the company said it planned to separate ADI through a tax-free spin-off to shareholders, creating two independent public companies: ADI Global Distribution and a standalone Resideo Products & Solutions business.

Resideo said the separation is intended to give each business a more focused operating model, capital structure and investment profile. ADI will operate as a global wholesale distributor of low-voltage products, including security and audiovisual solutions, while Resideo will continue as a building products manufacturer focused on residential controls and sensing solutions.

ADI serves commercial and residential markets across categories that include security, fire, AV, access control, smart living and data communications. When the spin-off plan was announced last July, Resideo described ADI as a $4.5 billion distributor with a portfolio of more than 500,000 professionally installed products.

In a June 4 update, Resideo said the spin-off was expected to occur between mid-3Q and mid-4Q 2026, and it filed an amended Form 10 registration statement with the U.S. Securities and Exchange Commission. The company also said it would host investor days for Resideo and ADI at the New York Stock Exchange on July 13 and July 14, respectively.

Resideo’s June update also provided a segmented second-quarter outlook, including projected ADI net revenue of $1.24 billion to $1.26 billion and adjusted EBITDA of $81 million to $87 million for the quarter.

Following the separation, Robert Aarnes is expected to serve as President and CEO of ADI, while Tom Surran is expected to lead Resideo.