NICHOLS ROY J 4
4 · ADTRAN INC · Filed Mar 8, 2021
Insider Transaction Report
Form 4
ADTRAN INCADTN
NICHOLS ROY J
Director
Transactions
- Award
Dividend Equivalent Rights
2021-03-04+33.835→ 33.835 total→ Common Stock (33.835 underlying)
Footnotes (1)
- [F1]Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock. The rights are paid in whole shares of common stock with the remainder paid in cash upon vesting of restricted stock units. Each dividend equivalent right is the equivalent of one share of the Company's common stock.