Ribbon CFO acquires 128,205 shares; 50,448 withheld for taxes
Ribbon Communications (RBBN) reported an insider equity transaction by its EVP and Chief Financial Officer, John Townsend.
Rhea-AI Filing Summary
Ribbon Communications (RBBN) reported an insider equity transaction by its EVP and Chief Financial Officer, John Townsend. On October 15, 2025, he acquired 128,205 shares of Common Stock via conversion of previously granted RSUs. In connection with the vesting, 50,448 shares were withheld by the issuer to satisfy tax obligations at $3.81 per share.
Following these transactions, Townsend held 77,757 shares directly. He also retained 102,564 RSUs outstanding. The RSUs were granted on October 15, 2024, with one-third vesting on October 15, 2025; the remaining two-thirds vest in four equal semi-annual installments through October 15, 2027.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 128,205 | $0.00 | $0.00 |
| Exercise | Common Stock | 128,205 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 50,448 | $3.81 | $192K |
Footnotes (3)
- F1. These RSUs convert to Common Stock on a one-for-one basis.
- F2. Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting.
- F3. The RSUs were granted on October 15, 2024 and vested as to one-third on October 15, 2025; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through October 15, 2027.
FAQ
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