Vistance Networks, Inc. (COMM) grants 16,300 shares, withholds 100,442 for taxes
Rhea-AI Filing Summary
Vistance Networks, Inc.'s SVP & President, RUCKUS Networks, Giordano Bartolomeo reported equity compensation activity dated 06/01/2026. He received a grant of 16,300 shares of common stock. On the same date, 100,442 shares were withheld at $12.27 per share to satisfy tax obligations upon vesting of restricted and performance share units. After these transactions he directly holds 464,479 shares of common stock. Footnotes describe additional restricted stock units scheduled to vest in 2027 and 2028, contingent on his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 84,142 shares
Net Sell
2 txns
Insider
Giordano Bartolomeo
Role
SVP & Pres., RUCKUS Networks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,300 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 100,442 | $12.27 | $1.23M |
Holdings After Transaction:
Common Stock — 464,479 shares (Direct)
Footnotes (3)
- F1. Reflects restricted stock units that will vest on 06/01/2027, subject to the reporting person's continued employment with the issuer.
- F2. As previously reported, includes (a) 26,400 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 53,600 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 63,000 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer.
- F3. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Key Figures
Common stock grant: 16,300 shares
Tax-withheld shares: 100,442 shares
Tax-withholding price: $12.27 per share
+4 more
7 metrics
Common stock grant
16,300 shares
Grant of common stock on 06/01/2026
Tax-withheld shares
100,442 shares
Shares withheld to cover taxes on 06/01/2026
Tax-withholding price
$12.27 per share
Per-share value used for tax-withheld shares
Post-transaction holdings
464,479 shares
Direct common stock holdings after 06/01/2026 transactions
RSUs vesting 06/01/2027 (grant 03/01/2024)
26,400 units
Restricted stock units scheduled to vest on 06/01/2027
RSUs vesting 06/01/2027 (grant 06/01/2024)
53,600 units
Restricted stock units scheduled to vest on 06/01/2027
RSUs vesting 2027–2028 (grant 03/01/2025)
63,000 units
Restricted stock units vesting on 06/01/2027 and 06/01/2028
Key Terms
restricted stock units, performance share units, tax-withholding disposition, vesting, +1 more
5 terms
restricted stock units financial
"Reflects restricted stock units that will vest on 06/01/2027, subject to the reporting person's continued employment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action" : "tax-withholding disposition" for the 100,442-share transaction on 06/01/2026"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued employment financial
"each subject to the reporting person's continued employment with the issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Vistance Networks (COMM) insider Giordano Bartolomeo report in this Form 4?
Giordano Bartolomeo reported a 16,300-share common stock grant and 100,442 shares withheld to cover taxes. After these equity compensation and tax-withholding events, he directly holds 464,479 shares of Vistance Networks common stock.
What future vesting restricted stock units does the Vistance Networks (COMM) Form 4 describe?
Footnotes describe 26,400, 53,600, and 63,000 restricted stock units scheduled to vest in 2027 and 2028. These RSUs remain subject to Bartolomeo’s continued employment with Vistance Networks, adding to his potential future share ownership.
Was the Vistance Networks (COMM) Form 4 filed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, so these transactions are not flagged as occurring under a 10b5-1 trading plan. They reflect compensation-related grants and tax-withholding rather than open-market trading activity.