Exhibit 99.5
RESIDEO TECHNOLOGIES, INC.
PERFORMANCE STOCK UNIT ADJUSTMENT NOTICE
Amended and Restated 2018 Stock Incentive Plan
of Resideo Technologies, Inc. and its Affiliates
2024 PSUs
Dear [____]:
As you know, on August 3, 2026 (the “Spin Date”), the spin-off (the “Spin-Off”) of ADI Global Distribution Inc. from Resideo Technologies, Inc. (“Resideo”) was completed. On the Spin Date you held outstanding and not yet settled performance stock units (“PSUs”) payable in shares of Resideo common stock (“Resideo Stock”) that were previously granted to you under the Amended and Restated 2018 Stock Incentive Plan of Resideo Technologies, Inc. and its Affiliates (the “Resideo Stock Incentive Plan”) and pursuant to performance stock unit agreement(s) and any amendments thereto (collectively, the “Resideo PSU Agreement”).
In connection with the Spin-Off, the Compensation and Human Capital Management Committee of the Board of Directors of Resideo (the “CHCMC”) determined, pursuant to Section 5.3(a) of the Resideo Stock Incentive Plan, to adjust the number of shares of Resideo Stock underlying the number of earned PSUs upon completion of the performance cycle ending June 30, 2026, as determined by the CHCMC, as provided herein (the “Adjusted PSUs”).
This Performance Stock Unit Adjustment Notice (the “Adjustment Notice”) evidences the necessary adjustments of your PSUs that are required by the Spin-Off. Following the Spin Date, your Adjusted PSUs will continue to be governed by the Resideo Stock Incentive Plan and the terms and conditions of your Resideo PSU Agreement.
The table below summarizes your PSUs before and after the Spin-Off, and the material terms applicable to your Adjusted PSUs:
| Original Resideo PSUs |
| Participant: [____] |
| Date of Grant: [____] |
| Target Number of PSUs on Date of Grant: [____] |
| Performance Measures: [____] |
| Performance Cycle: [____] |
| Number of Earned PSUs on the Spin Date: [____] |
| Adjusted PSUs Following Spin-Off |
| Resideo Adjustment Ratio: [____] |
Number of Earned Adjusted PSUs: [____] (this is equal to the Number of Earned PSUs on the Spin Date, divided by the Resideo Adjustment Ratio and rounded up to the nearest whole share of Resideo Stock) |
| Revised Performance Measure: The Earned Adjusted PSUs are no longer subject to any performance-based vesting condition. The Earned Adjusted PSUs are solely time-vested through [Date] |
| Vesting and Settlement: The Earned Adjusted PSUs are subject to your continued service with Resideo through [Date], with settlement on [Date] |
All of the terms and conditions of your Resideo PSU Agreement as in effect immediately prior to the Spin Date shall continue in full force and effect, except as expressly modified by this Adjustment Notice, the resolutions of the CHCMC adopted in connection with the Spin-Off, certain administrative changes, or otherwise in connection with the Spin-Off.
Any capitalized term that is used but not defined in this Adjustment Notice or your Resideo PSU Agreement will have the meaning assigned to it in the Resideo Stock Incentive Plan.
Please follow the instructions below to acknowledge and accept this Adjustment Notice and your Adjusted PSUs. If you would like any further information or have any questions regarding this Adjustment Notice or your Adjusted PSUs, please contact HRAdvisor via email at HRAdvisor@resideo.com.
ACKNOWLEDGMENT
You acknowledge that clicking on the “Accept” button constitutes acceptance of this Adjustment Notice, as well as your understanding and agreement that the terms and conditions of your Adjusted PSUs are set forth in your Resideo PSU Agreement, except as expressly modified by this Adjustment Notice.