Protiva Brian 4
4 · ADTRAN Holdings, Inc. · Filed Jun 8, 2023
Insider Transaction Report
Form 4
Protiva Brian
DirectorCEO of ADVA
Transactions
- Award
Dividend Equivalent Rights
2023-06-06$9.14/sh+63.206$578→ 99.403 total→ Common Stock (63.206 underlying)
Holdings
- 49,464
Stock Options
Exercise: $12.17Exp: 2028-05-14→ Common Stock (49,464 underlying) - 41,220
Stock Options
Exercise: $7.01Exp: 2027-05-14→ Common Stock (41,220 underlying) - 88,326
Stock Options
Exercise: $19.08Exp: 2029-05-14→ Common Stock (88,326 underlying) - 52,997
Stock Options
Exercise: $7.04Exp: 2025-05-14→ Common Stock (52,997 underlying)
Footnotes (5)
- [F1]Represents quarterly cash dividends paid on restricted stock awards (RSAs), 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 cash for any fractional shares.
- [F2]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2022.
- [F3]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2021.
- [F4]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2020.
- [F5]The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2018.