Ribbon (RBBN) SVP exercises 37,500 RSUs; 14,756 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ribbon Communications SVP, Deputy CFO and CAO Eric S. Marmurek exercised restricted stock units and settled related taxes in shares. On April 15, 2026, he exercised 37,500 Restricted Stock Units (each RSU representing a contingent right to one common share) into 37,500 shares of common stock. In connection with this vesting, 14,756 shares were withheld by the company at $2.48 per share to satisfy tax withholding obligations, rather than sold in the open market. These RSUs were originally issued on October 15, 2024, with remaining RSUs scheduled to vest on October 15, 2026. After these transactions, Marmurek directly holds 449,807 shares of Ribbon common stock, reflecting a routine compensation-related event.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,500 shares exercised/converted
Mixed
3 txns
Insider
Marmurek Eric S
Role
SVP, Deputy CFO and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,756 | $2.48 | $37K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 37,500 shares (Direct);
Common Stock — 464,563 shares (Direct)
Footnotes (1)
- Eash RSU represents a contingent right to receive one share of the Registrant's common stock. Reflects shares of common stock withheld by the Registrant to satisfy tax withholding obligations in connection with the vesting. The RSUs were issued on October 15, 2024. The remaining RSUs vest on October 15, 2026.
Key Figures
RSUs exercised: 37,500 units
Shares withheld for taxes: 14,756 shares
Tax withholding reference price: $2.48 per share
+4 more
7 metrics
RSUs exercised
37,500 units
RSUs converted to common stock on April 15, 2026
Shares withheld for taxes
14,756 shares
Common stock withheld at $2.48 per share
Tax withholding reference price
$2.48 per share
Price used for 14,756-share tax-withholding disposition
Post-transaction holdings
449,807 shares
Common stock directly owned after April 15, 2026 transactions
Shares from RSU exercise
37,500 shares
Common stock received upon RSU conversion
Initial RSU grant date
October 15, 2024
Grant date for the reported RSU award
Remaining RSU vesting date
October 15, 2026
Scheduled vesting date for remaining RSUs
Key Terms
Restricted Stock Units (RSUs), contingent right, tax withholding obligations, vesting, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"security_title": "Restricted Stock Units (RSUs)""
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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
tax withholding obligations financial
"withheld by the Registrant to satisfy tax withholding obligations"
vesting financial
"in connection with the vesting."
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider activity did RBBN SVP Eric Marmurek report on this Form 4?
Eric S. Marmurek exercised 37,500 Restricted Stock Units into 37,500 shares of Ribbon Communications common stock. The transaction reflects a routine equity compensation vesting rather than an open-market purchase or sale by the executive.
Were the RBBN transactions on this Form 4 open-market buys or sells?
No, the reported transactions were not open-market buys or sells. They represent the exercise of 37,500 Restricted Stock Units and a related tax-withholding disposition of 14,756 shares, both tied to equity compensation vesting rather than discretionary trading in the market.
When were the RSUs in this RBBN Form 4 originally granted and when do the remaining units vest?
The Restricted Stock Units were issued on October 15, 2024. Footnotes state that the remaining RSUs from this grant are scheduled to vest on October 15, 2026, indicating a multi-year vesting schedule for this equity award.