Thomas R. Stanton - Mar 21, 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Chairman & CEO, Director
Signature
/s/ Michael Foliano, by power of attorney
Stock symbol
ADTN
Transactions as of
Mar 21, 2023
Transactions value $
$19,795
Form type
4
Date filed
3/23/2023, 04:56 PM
Previous filing
Jan 24, 2023
Next filing
Jun 8, 2023

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 Phantom Stock Award $19.8K +1.24K +0.56% $15.95 221K Mar 21, 2023 Common Stock 1.24K Direct F1
holding ADTN Stock Options 94.4K Mar 21, 2023 Common Stock 94.4K $15.33 Direct F2
holding ADTN Stock Options 94.2K Mar 21, 2023 Common Stock 94.2K $18.97 Direct F3
holding ADTN Stock Options 75.4K Mar 21, 2023 Common Stock 75.4K $23.64 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of phantom stock of the Issuer that have been acquired through the automatic reinvestment of dividends paid on the Issuer's common stock held in the reporting person's account under the Issuer's equity deferral program. The phantom shares are issued to the reporting person six months after a separation of service from the Issuer in the form of whole shares of common stock, plus cash for any fractional shares.
F2 The options granted to the reporting person vested in four equal annual installments beginning on November 14, 2015.
F3 The options granted to the reporting person vested in four equal annual installments beginning on November 15, 2014
F4 The options granted to the reporting person vested in four equal annual installments beginning on November 2, 2013.