Jacqueline H. Rice - Jun 3, 2021 Form 4 Insider Report for ADTRAN INC (ADTN)

Role
Director
Signature
Amy Moss, by power of attorney
Stock symbol
ADTN
Transactions as of
Jun 3, 2021
Transactions value $
$0
Form type
4
Date filed
6/4/2021, 11:38 AM
Next filing
Jul 15, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADTN Dividend Equivalent Rights Award $0 +27.3 +80.55% $0.00 61.1 Jun 3, 2021 Common Stock 27.3 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock. The rights are paid in whole shares of common stock with the remainder paid in cash upon vesting of restricted stock units. Each dividend equivalent right is the equivalent of one share of the Company's common stock.