NICHOLS ROY J 4
4 · ADTRAN INC · Filed Dec 3, 2020
Insider Transaction Report
Form 4
ADTRAN INCADTN
NICHOLS ROY J
Director
Transactions
- Award
Dividend Equivalent Rights
2020-12-01+64.783→ 318.161 total→ Common Stock (64.783 underlying)
Footnotes (1)
- [F1]Settlement of dividend equivalent rights in connection with the vesting of restricted stock units. The rights accrue when and as dividends are paid on the Company's common stock and are paid in whole shares of common stock with the remainder paid in cash. Each dividend equivalent right is the equivalent of one share of the Company's common stock.