NICHOLS ROY J 4
4 · ADTRAN INC · Filed Sep 7, 2021
Insider Transaction Report
Form 4
ADTRAN INCADTN
NICHOLS ROY J
Director
Transactions
- Disposition to Issuer
Common Stock
2021-09-02$24.57/sh−0.564$14→ 63,870 total - Exercise/Conversion
Dividend Equivalent Rights
2021-09-02−26.47→ 0 total→ Common Stock (26.47 underlying) - Exercise/Conversion
Common Stock
2021-08-29+61.094→ 63,844.094 total - Exercise/Conversion
Common Stock
2021-09-02+26.47→ 63,870.564 total - Exercise/Conversion
Dividend Equivalent Rights
2021-08-29−61.094→ 0 total→ Common Stock (61.094 underlying) - Award
Dividend Equivalent Rights
2021-09-02+26.47→ 26.47 total→ Common Stock (26.47 underlying)
Footnotes (2)
- [F1]Settlement of dividend equivalent rights in connection with lapse of restriction on restricted stock. The rights accrued when and as dividends were 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 economic equivalent of one share of the Company's common stock.
- [F2]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.