Protiva Brian 4

4 · ADTRAN Holdings, Inc. · Filed Jan 3, 2024

Form 4

Period: 2023-12-31

DirectorCEO of ADVA

Transactions

Exercise/Conversion
Dividend Equivalent Rights
2023-12-31−168.424→ 0 total
→ Common Stock (168.424 underlying)
Disposition to Issuer
Common Stock
2023-12-31$7.34/sh−0.424$3→ 237,196.14 total
Exercise/Conversion
Common Stock
2023-12-31+168.424→ 237,196.564 total
Award
Common Stock
2023-12-31+16,349→ 253,545.14 total

Holdings

Stock Options
Exercise: $12.17Exp: 2028-05-14→ Common Stock (49,464 underlying)
49,464
Stock Options
Exercise: $7.01Exp: 2027-05-14→ Common Stock (41,220 underlying)
41,220
Common Stock
(indirect: By Spouse)
119,361.03
Stock Option
Exercise: $19.08Exp: 2029-05-14→ Common Stock (88,326 underlying)
88,326
Stock Options
Exercise: $7.04Exp: 2025-05-14→ Common Stock (52,997 underlying)
52,997

Footnotes (6)

[F1]Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DERs 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.
[F2]Represents restricted stock award grant that vests in full on the first anniversary of the date of grant.
[F3]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2022.
[F4]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2021.
[F5]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2020.
[F6]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2018.

Documents

1 file