STANTON THOMAS R 4
Research Summary
AI-generated summary
ADTRAN (ADTN) CEO Thomas R. Stanton Surrenders 10,247 Shares
What Happened
- Thomas R. Stanton, Chairman & CEO and a director of ADTRAN Holdings, delivered 10,247 shares back to the company on 2026-01-20 to satisfy withholding tax obligations tied to the vesting of previously granted restricted stock units. The shares were valued at $9.24 each, totaling $94,682. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-01-20; filing date: 2026-01-22 (Form 4 accession 0001193125-26-019455). Filing appears timely.
- Price per share: $9.24; total value surrendered: $94,682.
- Transaction code: F (tax withholding). Footnote F1: "Shares delivered to the Issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock units."
- Shares owned after the reported transaction: not specified in the provided filing excerpt.
Context
- This is a routine "net share settlement" / share surrender to cover taxes when RSUs vest — common and not the same as an open-market sale. It reduces the insider's share count by the amount surrendered but doesn't necessarily indicate a change in sentiment about the company.