Form 4 for ADTN ADTRAN Holdings, Inc.
Accepted 2023-01-04 00:00:00 ET · period of report 2022-12-31 · accession 0001209191-23-000981 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-04 | 2022-12-31 | ADTN | Nair Balan | Dir | A - Grant | $0.00 | +4,790 | 79.0K | +6% | $0 |
| D | 2023-01-04 | 2022-12-31 | ADTN | Nair Balan | Dir | M - OptEx | — | +69.47 | 74.2K | +0.1% | — |
| D | 2023-01-04 | 2022-12-31 | ADTN | Nair Balan | Dir | D - Sale to Iss | $18.79 | -0.47 | 74.2K | -0.0% | -$8.83 |
| D | 2023-01-04 | 2022-12-31 | ADTN | Nair Balan | Dir | M - OptEx | $0.00 | -69.47 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-31 | A | A | 4,790 | $0.00 | 79,012 | D | — | — | (F2) Represents restricted stock award grant that vests in full on the first anniversary of the date of grant. |
| 2 | Common | Common Stock | 2022-12-31 | M | A | 69.47 | — | 74,222.47 | D | — | — | (F1) Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DER's represent quarterly cash dividends paid on restricted stock awards, which are credited to a bookkeeping account and hypothetically invested in shares of common stock until the underlying RSAs vest. Upon vesting, the Company pays the Reporting Person the accumulated value of the bookkeeping account in the form of whole shares of common stock, plus any remaining cash. |
| 3 | Common | Common Stock | 2022-12-31 | D | D | 0.47 | $18.79 | 74,222 | D | — | — | (F1) Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DER's represent quarterly cash dividends paid on restricted stock awards, which are credited to a bookkeeping account and hypothetically invested in shares of common stock until the underlying RSAs vest. Upon vesting, the Company pays the Reporting Person the accumulated value of the bookkeeping account in the form of whole shares of common stock, plus any remaining cash. |
| 4 | Derivative | Dividend Equivalent Rights | 2022-12-31 | M | D | 69.47 | $0.00 | 0 | D | — · — to — | 69.47 Common Stock | (F1) Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DER's represent quarterly cash dividends paid on restricted stock awards, which are credited to a bookkeeping account and hypothetically invested in shares of common stock until the underlying RSAs vest. Upon vesting, the Company pays the Reporting Person the accumulated value of the bookkeeping account in the form of whole shares of common stock, plus any remaining cash. |