Gregory James McCray - 06 Jun 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Director
Signature
/s/ Dan Ragsdale, by power of attorney
Issuer symbol
ADTN
Transactions as of
06 Jun 2023
Net transactions value
+$578
Form type
4
Filing time
08 Jun 2023, 17:02:25 UTC
Previous filing
30 May 2023
Next filing
07 Sep 2023
SEC
View on sec.gov

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 $578 +63 +175% $9.14 99 06 Jun 2023 Common Stock 63 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents quarterly cash dividends paid on restricted stock awards (RSAs), 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 cash for any fractional shares.