Routine executive compensation filing with no immediate trading signal. Monitor next quarterly earnings for revenue and adjusted EBIT trends, which drive the CTO's cash bonus and PSU payouts.
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Executive Summary
ADTRAN Holdings filed an 8-K reporting an amendment to the employment agreement of its CTO, Dr. Christoph Glingener, aligning his compensation with a new remuneration system approved by shareholders in June 2026. The amendment extends his term through December 31, 2026, confirms a €400,000 base salary, and outlines new equity grant structures including time-based RSUs and long-term performance PSUs tied to Adjusted EBIT and relative TSR. This is a routine compensatory arrangement for a continuing executive officer with no departure or material financial impact.
Key Facts
- Amendment to CTO Christoph Glingener's employment agreement, term extended to December 31, 2026
- Annual base salary remains €400,000
- Incentive cash bonus target set at 60% of base salary, tied to total revenue and adjusted EBIT
- Annual time-based RSU grant target set at 75% of base salary, capped at $903,729
- Long-term financial plan PSU award target of $903,729, divided into three annual tranches, based on Adjusted EBIT through 2028 with TSR modifier, capped at $2,000,000
- Total annual remuneration capped at €2,800,000
- No departure or resignation of any officer reported
Financial Impact
No material financial impact; executive compensation adjustments within normal range for a continuing officer
Risk Factors
- No material risks identified from this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-342359 |
| Document: adtn-20260810.htm | 0001193125-26-342359 |
| Document: 0001193125-26-342359-index-headers.html | 0001193125-26-342359 |
| Document: 0001193125-26-342359-index.html | 0001193125-26-342359 |
| Document: 0001193125-26-342359.txt | 0001193125-26-342359 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $7.76 $8.10 | ▲ +4.38% | ▲ +4.79% | $6.72 (−13.40%) |
Aug 8, 2026 11w ago | Institutional Cluster | $7.63 $8.66 | ▲ +13.43% | ▲ +13.48% | $6.72 (−11.93%) |
Aug 7, 2026 11w ago | Insider Buy | $7.63 $8.66 | ▲ +13.43% | ▲ +13.48% | $6.72 (−11.93%) |
Aug 4, 2026 12w ago | 8-K | $8.76 $7.76 | ▼ −11.42% | ▼ −11.32% | $6.72 (−23.29%) |
Jul 22, 2026 13w ago | 8-K | $10.45 $8.33 | ▲ +20.29% | ▲ +17.89% | $6.72 (+35.69%) |
Jul 17, 2026 14w ago | S-3ASR | $11.65 $10.15 | ▼ −12.88% | ▼ −12.19% | $6.72 (−42.32%) |
Jun 11, 2026 19w ago | Institutional Cluster | $15.26 $15.18 | ▼ −0.52% | ▼ −1.20% | $6.72 (−55.96%) |
May 1, 2026 25w ago | DEFA14A | $18.45 $14.55 | ▼ −21.14% | ▼ −23.49% | $6.72 (−63.58%) |
Apr 7, 2026 28w ago | 8-K | $13.73 $15.73 | ▲ +14.57% | ▲ +11.05% | $6.72 (−51.06%) |
Mar 27, 2026 30w ago | DEFA14A | $12.93 $12.93 | · 0.00% | ▼ −3.86% | $6.72 (−48.03%) |
US Market Status
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