4/A: Adtran Holdings Chairman & CEO Thomas Stanton Corrects Stock Ownership After Tax Withholding Error
SEC Filing (Form 4/A)
Thomas Stanton, Chairman and CEO of Adtran Holdings, files an amended Form 4 to correct the number of shares withheld for taxes and the total shares held after a vesting event.
Summary
- Thomas Stanton, Chairman and CEO of Adtran Holdings, filed an amended Form 4 with the SEC on July 17, 2024.
- This amendment corrects an error in the original Form 4 filed on July 16, 2024, which overstated the number of shares withheld for taxes related to the vesting of restricted stock units.
- On July 13, 2024, 41,906 shares were delivered to Adtran Holdings for the payment of withholding taxes at a price of $5.78 per share.
- Following this transaction, Stanton directly owns 814,723.51 shares of Adtran Holdings common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, ensuring transparency in the market regarding the buying and selling of company stock by its executives and directors.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 07/13/2024 | Date of transaction where shares were delivered for tax withholding. |
| 07/16/2024 | Date of original Form 4 filing containing an error. |
| 07/17/2024 | Date of amended Form 4 filing to correct the error. |
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