Form 4: ADTRAN Holdings Director Jacqueline Hourigan Rice Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jacqueline Hourigan Rice reports a restricted stock award grant and a transfer of shares to a family trust.
Summary
- On December 31, 2024, Jacqueline Hourigan Rice, a director of ADTRAN Holdings, Inc., reported changes in her beneficial ownership of the company's common stock.
- She acquired 14,406 shares of common stock through a restricted stock award grant.
- These shares vest in full on the first anniversary of the grant date.
- Additionally, she transferred 16,349 shares of common stock, previously held directly, to a family trust.
- Following these transactions, Rice directly owns 14,406 shares and indirectly owns 62,281 shares as trustee.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The grant of restricted stock to a director aligns their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of restricted stock award grant and transfer of shares to family trust |
| 01/03/2025 | Date of signature on the Form 4 filing |
| 12/31/2025 | Vesting date of the restricted stock award |
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