Form 4: Adtran Holdings Executive Christoph Glingener Reports Stock Transaction
SEC Form 4 Filing
Christoph Glingener, Chief Technology Officer of Adtran Holdings, reports a transaction involving common stock for payment of withholding taxes.
Summary
- On May 24, 2024, Christoph Glingener, the Chief Technology Officer of Adtran Holdings, Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposition of 801 shares to cover withholding taxes due upon the vesting of previously granted restricted stock units.
- The price per share for the transaction was $5.27.
- Following the transaction, Glingener directly owns 18,868 shares of Adtran Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders. This filing indicates activity by a high-ranking officer at Adtran Holdings.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of stock transaction |
| 05/29/2024 | Date of signature for the report |
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