McCray Gregory James 4
4 · ADTRAN Holdings, Inc. · Filed Jan 3, 2024
Insider Transaction Report
Form 4
McCray Gregory James
Director
Transactions
- Exercise/Conversion
Dividend Equivalent Rights
2023-12-31−168.424→ 0 total→ Common Stock (168.424 underlying) - Exercise/Conversion
Common Stock
2023-12-31+168.424→ 28,329.362 total - Disposition to Issuer
Common Stock
2023-12-31$7.34/sh−0.424$3→ 28,328.938 total - Award
Common Stock
2023-12-31+16,349→ 44,677.938 total
Footnotes (2)
- [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.