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 |
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. |