MACOM (MTSI) director Geoffrey Ribar receives grant of 776 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RIBAR GEOFFREY G reported acquisition or exercise transactions in this Form 4 filing.
MACOM Technology Solutions director Geoffrey G. Ribar received an equity award of 776 restricted stock units (RSUs) of Common Stock. The award was granted under the company’s 2021 Omnibus Incentive Plan at no cash cost to him.
Each RSU represents the right to receive one share of Common Stock, vesting in full on March 6, 2027, if he remains in continuous service with the company through that date. Following this grant, he directly holds 14,186 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RIBAR GEOFFREY G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 776 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,186 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MACOM (MTSI) report for Geoffrey G. Ribar?
MACOM reported that director Geoffrey G. Ribar received a grant of 776 restricted stock units of Common Stock. The award was made under the 2021 Omnibus Incentive Plan and is a compensation-related equity grant, not an open-market stock purchase or sale.
What are the vesting terms of Geoffrey G. Ribar’s MACOM (MTSI) RSU grant?
The 776 restricted stock units granted to Geoffrey G. Ribar vest in full on March 6, 2027. Vesting requires that he remain in continuous service with MACOM Technology Solutions through that date for the shares to be delivered.
Was cash paid for Geoffrey G. Ribar’s MACOM (MTSI) RSU award?
No cash was paid for this award. The Form 4 shows 776 restricted stock units granted at a price per share of $0.0000, indicating a stock-based compensation grant under MACOM’s 2021 Omnibus Incentive Plan rather than a market purchase.
What plan governs Geoffrey G. Ribar’s new MACOM (MTSI) RSUs?
The 776 restricted stock units were granted under MACOM Technology Solutions’ 2021 Omnibus Incentive Plan. This plan allows the company to issue equity-based awards such as RSUs to directors and other service providers as part of their compensation.