Form 4: Adtran Holdings CEO Thomas Stanton Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Thomas Stanton, Chairman and CEO of Adtran Holdings, disposed of 3,748 shares of common stock to cover withholding taxes related to vesting restricted stock units.
Summary
- On October 13, 2024, Thomas R. Stanton, Chairman and CEO of Adtran Holdings, Inc., disposed of 3,748 shares of common stock.
- The transaction was executed to cover withholding taxes due upon the vesting of previously granted restricted stock units.
- The shares were disposed of at a price of $5.91 per share.
- Following the transaction, Stanton beneficially owns 810,975.51 shares of Adtran Holdings, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations, not necessarily indicative of a change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/13/2024 | Date of the transaction where shares were disposed of. |
| 10/15/2024 | Date of signature for the Form 4 filing. |
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