Walker Kathryn A 4
4 · ADTRAN Holdings, Inc. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Walker Kathryn A
Director
Transactions
- Exercise/Conversion
Dividend Equivalent Rights
2022-12-31−69.474→ 0 total→ Common Stock (69.474 underlying) - Exercise/Conversion
Common Stock
2022-12-31+69.474→ 47,512.474 total - Award
Common Stock
2022-12-31+4,790→ 52,302 total - Disposition to Issuer
Common Stock
2022-12-31$18.79/sh−0.474$9→ 47,512 total
Footnotes (2)
- [F1]Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DER's 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.