H. Fenwick Huss - Dec 31, 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Director
Signature
/s/ Dan Ragsdale, by power of attorney
Stock symbol
ADTN
Transactions as of
Dec 31, 2023
Transactions value $
-$3
Form type
4
Date filed
1/3/2024, 05:49 PM
Previous filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Options Exercise +168 +0.27% 63K Dec 31, 2023 Direct F1
transaction ADTN Common Stock Disposed to Issuer -$3 -0.424 0% $7.34 63K Dec 31, 2023 Direct F1
transaction ADTN Common Stock Award $0 +16.3K +25.94% $0.00 79.4K Dec 31, 2023 Direct F2

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 Options Exercise $0 -168 -100% $0.00* 0 Dec 31, 2023 Common Stock 168 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DERs 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 restricted stock award grant that vests in full on the first anniversary of the date of grant.