Ribbon (RBBN) CFO nets shares from RSU vesting as taxes withheld
Filing Impact
Filing Sentiment
Form Type
4
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
25,641 shares exercised/converted
Mixed
3 txns
Insider
Townsend John Raymond
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 25,641 | $0.00 | -- |
| Exercise | Common Stock | 25,641 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,089 | $2.48 | $25K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 76,923 shares (Direct);
Common Stock — 103,398 shares (Direct)
Footnotes (1)
- These RSUs convert to Common Stock on a one-for-one basis. Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. The RSUs were granted on October 15, 2024; the remaining RSUs vest in three equal semi-annual installments through October 15, 2027.
Key Figures
RSUs exercised: 25,641 shares
Shares withheld for taxes: 10,089 shares at $2.48
Shares held after transactions: 93,309 shares
+2 more
5 metrics
RSUs exercised
25,641 shares
RSUs converting to Common Stock on April 15, 2026
Shares withheld for taxes
10,089 shares at $2.48
Common Stock withheld to satisfy tax obligations on vesting
Shares held after transactions
93,309 shares
CFO’s direct Common Stock holdings following Form 4 transactions
RSU grant date
October 15, 2024
Grant date for RSUs that convert one-for-one into Common Stock
Remaining RSU vesting schedule
Three equal semi-annual installments
Remaining RSUs vest through October 15, 2027
Key Terms
Restricted Stock Units (RSUs), tax withholding obligations, vest in three equal semi-annual installments, derivative exercise/conversion
4 terms
Restricted Stock Units (RSUs) financial
"These RSUs convert to Common Stock on a one-for-one basis."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding obligations financial
"Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations"
vest in three equal semi-annual installments financial
"The RSUs were granted on October 15, 2024; the remaining RSUs vest in three equal semi-annual installments"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion with code M for RSUs"
FAQ
What insider transactions did Ribbon Communications (RBBN) CFO report?
Ribbon Communications CFO John Raymond Townsend exercised RSUs into 25,641 Common shares and had 10,089 shares withheld for taxes. Following these compensation-related transactions, he directly holds 93,309 shares of Ribbon Communications Common Stock.
What are the terms of the CFO’s RSUs at Ribbon Communications (RBBN)?
The CFO’s RSUs were granted on October 15, 2024 and convert to Ribbon Communications Common Stock on a one-for-one basis. The remaining RSUs vest in three equal semi-annual installments through October 15, 2027, providing a defined future vesting schedule.