Ribbon CFO exercises RSUs, covers tax with shares
Ribbon Communications EVP and CFO John Raymond Townsend exercised Restricted Stock Units into 25,641 shares of Common Stock on April 15, 2026.
Rhea-AI Filing Summary
Ribbon Communications EVP and CFO John Raymond Townsend exercised Restricted Stock Units into 25,641 shares of Common Stock on April 15, 2026. The company withheld 10,089 shares at $2.48 per share to cover tax obligations related to the vesting.
After these transactions, Townsend directly holds 93,309 shares of Common Stock. The RSUs were granted on October 15, 2024 and convert to Common Stock on a one-for-one basis. The remaining RSUs vest in three equal semi-annual installments through October 15, 2027, indicating additional potential share delivery over time as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 25,641 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,641 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,089 | $2.48 | $25K |
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; the remaining RSUs vest in three equal semi-annual installments through October 15, 2027.
Key Figures
Key Terms
Restricted Stock Units (RSUs) financial
tax withholding obligations financial
vest in three equal semi-annual installments financial
derivative exercise/conversion financial
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