ADTRAN Holdings revises CEO comp: eliminates market-based PSUs, adopts long-term plan with TSR modifier

ADTRAN Holdings, Inc.

CEO Stanton's amended agreement eliminates annual market-based PSU and adjusts long-term plan to include TSR modifier on Adjusted EBIT target.
PSU awards granted to CEO (170,723 target shares), CRO Wilson (24,908), CFO Santo (28,252) for 2026-2028 period.
Performance objective is Adjusted EBIT (undisclosed target for 100% payout) with payout adjusted by -20% to +20% based on relative TSR.
No future annual market-based PSU awards (relative TSR) will be granted to named executive officers.

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