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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock-Based Compensation Expense Related to Stock Options, RSUs and Restricted Stock

The following table summarizes the RSUs and restricted stock outstanding as of December 31, 2022 and March 31, 2023 and the changes that occurred during the three months ended March 31, 2023:

 

 

 

Number of
Shares
(in thousands)

 

 

Weighted Avg. Grant Date Fair Value
(per share)

 

Unvested RSUs and restricted stock outstanding, December 31, 2022

 

 

1,086

 

 

$

17.54

 

RSUs and restricted stock granted

 

 

1,296

 

 

$

17.60

 

RSUs and restricted stock vested

 

 

(12

)

 

$

20.51

 

RSUs and restricted stock forfeited

 

 

(10

)

 

$

15.32

 

Unvested RSUs and restricted stock outstanding, March 31, 2023

 

 

2,360

 

 

$

17.65

 
Summary of Stock Options Outstanding

The following table summarizes ADTRAN Holdings, Inc. stock options outstanding as of December 31, 2022 and March 31, 2023 and the changes that occurred during the three months ended March 31, 2023:

 

 

Number of
Stock Options
(in thousands)

 

 

Weighted Avg.
Exercise Price
(per share)

 

 

Weighted Avg.
Remaining
Contractual
Life
(in years)

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Stock options outstanding, December 31, 2022

 

 

3,148

 

 

$

14.37

 

 

 

3.42

 

 

$

16,251

 

Stock options exercised

 

 

(6

)

 

$

9.82

 

 

 

 

 

 

 

Stock options forfeited

 

 

(21

)

 

$

12.21

 

 

 

 

 

 

 

Stock options expired

 

 

(7

)

 

$

19.00

 

 

 

 

 

 

 

Stock options outstanding, March 31, 2023

 

 

3,114

 

 

$

14.38

 

 

 

3.17

 

 

$

10,198

 

Stock options exercisable, March 31, 2023

 

 

1,698

 

 

$

15.96

 

 

 

1.70

 

 

$

4,436

 
ADVA Optical Networking SE [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Options Outstanding

The following table summarizes ADVA Optical Networking SE stock options outstanding as of December 31, 2022 and March 31, 2023 and the changes that occurred during the three months ended March 31, 2023:

 

 

 

Number of
Options
(In thousands)

 

 

Weighted
Average
Exercise Price
(Per share)

 

 

Weighted Avg.
Remaining
Contractual Life
in Years

 

 

Aggregate
Intrinsic Value
(In thousands)

 

Stock options outstanding, December 31, 2022

 

 

81

 

 

$

8.58

 

 

 

4.00

 

 

$

1,222

 

Stock options exercised

 

 

—

 

 

$

—

 

 

 

 

 

 

 

Stock options forfeited

 

 

—

 

 

$

—

 

 

 

 

 

 

 

Stock options outstanding, March 31, 2023

 

 

81

 

 

$

8.67

 

 

 

3.75

 

 

$

1,198

 

Stock options exercisable, March 31, 2023

 

 

27

 

 

$

7.45

 

 

 

2.14

 

 

$

424