MARKS WILLIAM L 4
4 · ADTRAN INC · Filed May 20, 2019
Insider Transaction Report
Form 4
ADTRAN INCADTN
MARKS WILLIAM L
Director
Transactions
- Award
Dividend Equivalent Rights
2019-05-16+45.815→ 97.302 total→ Common Stock (45.815 underlying)
Footnotes (1)
- [F1]Settlement of dividend equivalent rights in connection with lapse of restriction on restricted stock. The rights accrued when and as dividends were paid on the Company's common stock and are paid in whole shares of common stock with the remainder paid in cash. Each dividend equivalent right is the equivalent of one share of the Company's common stock.