Form 4: Adtran Holdings CEO Thomas Stanton Reports Stock Transaction
SEC Form 4 Filing
Thomas Stanton, Chairman and CEO of Adtran Holdings, reports disposition of shares to cover withholding taxes upon vesting of restricted stock units.
Summary
- On July 13, 2024, Thomas R. Stanton, Chairman and CEO of Adtran Holdings, Inc., disposed of shares of common stock to cover withholding taxes.
- A total of 72,549 shares were disposed of at a price of $5.78 per share.
- Following the transaction, Stanton directly owns 784,080.51 shares of Adtran Holdings, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to stock compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is related to tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 07/13/2024 | Date of the stock transaction (disposal of shares). |
| 07/16/2024 | Date of signature for the Form 4 filing. |
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