Form 4: Adtran Holdings Executive Sells Shares to Cover Tax Obligations

Adtran Holdings Chief Revenue Officer, James Denson Wilson Jr., sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• James Denson Wilson Jr., Chief Revenue Officer of Adtran Holdings, Inc., sold a total of 3,134 shares of common stock on November 16th and 17th, 2024.
• The sales were executed at a price of $7.75 per share.
• These transactions were made to cover withholding taxes due upon the vesting of previously granted restricted stock units.
• Following these transactions, Mr. Wilson directly owns 104,250.486 shares and indirectly owns 4,256.614 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares at market price is standard for these types of transactions.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Adtran Holdings, insider trading, stock sale, Form 4, executive compensation, restricted stock units, tax obligations