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

James Denson Wilson Jr., Chief Revenue Officer of Adtran Holdings, sold 765 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• James Denson Wilson Jr., the Chief Revenue Officer of Adtran Holdings, sold 765 shares of common stock on January 20, 2025.
• The sale was executed at a price of $10.19 per share.
• This transaction was to cover withholding taxes due upon the vesting of previously granted restricted stock units.
• Following the transaction, Wilson directly owns 103,485.486 shares of Adtran Holdings common stock.
• He also indirectly owns 4,249.038 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment towards the company's performance or future prospects.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common among publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• Similar transactions are regularly reported by executives at companies like Cisco, Juniper Networks, and Nokia, which are competitors of Adtran in the telecommunications equipment sector.
• These transactions are typically viewed as a normal part of executive compensation and do not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

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