Form 4: Adtran Holdings CEO Thomas Stanton Reports Stock Transactions
SEC Form 4 Filing
Thomas Stanton, Chairman and CEO of Adtran Holdings, reports acquisition and disposal of company stock related to vesting of stock units and tax obligations.
Summary
- Thomas Stanton, the Chairman and CEO of Adtran Holdings, reported several transactions involving the company's stock.
- On January 24, 2025, Mr. Stanton acquired 39,375 shares of common stock upon the vesting of performance stock units, and also acquired 159,844 shares of common stock upon the grant of restricted stock units.
- Also on January 24, 2025, Mr. Stanton disposed of 10,307 shares to cover withholding taxes at a price of $10.31 per share.
- On January 26, 2025, Mr. Stanton disposed of 9,536 shares to cover withholding taxes at a price of $10.31 per share.
- Following these transactions, Mr. Stanton beneficially owns 955,593.51 shares of Adtran Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for performance stock units under the Amended and Restated ADTRAN Holdings, Inc. 2020 Employee Stock Incentive Plan |
| 01/24/2025 | Date of stock acquisition and disposal for vesting of performance stock units and tax obligations. |
| 01/26/2025 | Date of stock disposal for tax obligations related to restricted stock units. |
| 01/28/2025 | Date of signature for the Form 4 filing. |
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