Wilson James Denson Jr 4/A
Research Summary
AI-generated summary
ADTRAN (ADTN) CRO James Denson Surrenders 1,309 Shares for Taxes
What Happened
James Denson, Chief Revenue Officer of ADTRAN Holdings (ADTN), delivered 1,309 shares to the issuer on January 26, 2026 to satisfy withholding taxes arising from the vesting of previously granted performance stock units. The shares were valued at $9.24 each, for a total withholding amount of $12,095. This was a tax-withholding/share-delivery event (code F) — not an open-market sale or purchase. The filing on Jan 30, 2026 is an amendment correcting the number of shares withheld that was misstated in an earlier Form 4 filed Jan 28, 2026.
Key Details
- Transaction date and price: 1,309 shares withheld on 2026-01-26 at $9.24 / share (total $12,095).
- Transaction code: F — shares delivered to issuer to cover withholding taxes on vested PSUs.
- Amendment: Footnote F2 states the Jan 28 Form 4 understated withheld shares; this Form 4 (filed Jan 30) corrects the withheld amount and the reporting person's direct holdings.
- Shares owned after transaction: the amendment indicates corrected post-withholding holdings; see the amended Form 4 for the updated share count.
Context
This is a routine net-share settlement/tax-withholding tied to equity vesting and does not represent a market buy or sale decision by the insider. Such tax-withholding transactions are common and usually do not, by themselves, signal insider sentiment.