Theodosopoulos Nikos 4
4 · ADTRAN Holdings, Inc. · Filed Sep 7, 2023
Insider Transaction Report
Form 4
Theodosopoulos Nikos
Director
Transactions
- Disposition to Issuer
Common Stock
2023-08-09−0.973→ 8,372 total - Exercise/Conversion
Common Stock
2023-08-09+45.973→ 8,372.973 total - Exercise/Conversion
Dividend Equivalent Rights
2023-08-09−45.973→ 99.403 total→ Common Stock (45.973 underlying) - Award
Dividend Equivalent Rights
2023-09-05$8.37/sh+69.021$578→ 168.424 total→ Common Stock (69.021 underlying)
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 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.