Form 4: Adtran Holdings CFO Ulrich Dopfer Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Adtran Holdings, Ulrich Dopfer, disposed of 953 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On May 24, 2024, Ulrich Dopfer, the Chief Financial Officer of Adtran Holdings, Inc., disposed of 953 shares of common stock.
- The shares were disposed of to cover withholding taxes due upon the vesting of previously granted restricted stock units.
- The transaction was executed at a price of $5.27 per share.
- Following the transaction, Dopfer directly owns 21,300 shares of Adtran Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions by a company insider for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: Ulrich Dopfer disposed of shares to cover tax obligations. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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