[Form 4] Ribbon Communications Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SILVER LOUIS reported acquisition or exercise transactions in this Form 4 filing.
Ribbon Communications Inc. director Louis Silver received a grant of 63,197 Restricted Stock Units (RSUs) tied to the company’s common stock. Each RSU represents a right to receive one share when it vests. The award will vest on June 15, 2027, if he continues serving the company.
If Ribbon’s 2027 annual stockholders’ meeting occurs before June 15, 2027 and Silver either does not stand for re-election or is not re-elected, the RSUs will instead vest on the date of that meeting. Following this grant, he holds 63,197 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SILVER LOUIS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 63,197 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 63,197 shares (Direct, null)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest on June 15, 2027, subject to the Reporting Person's continued service with the Issuer through such date; provided, however, that if the Issuer's 2027 Annual Meeting of Stockholders (the "2027 Annual Meeting") occurs prior to June 15, 2027, and, at such 2027 Annual Meeting, the Reporting Person either chooses not to stand for re-election to the Issuer's Board of Directors or, after standing for re-election, is not re-elected, then these RSUs will vest as of the date of the 2027 Annual Meeting.
Key Figures
RSUs granted: 63,197 units
Transaction price per RSU: $0.00
RSUs after transaction: 63,197 units
+1 more
4 metrics
RSUs granted
63,197 units
Restricted Stock Units awarded to director Louis Silver
Transaction price per RSU
$0.00
Equity compensation grant, not a cash purchase
RSUs after transaction
63,197 units
Total RSUs held directly following the grant
Scheduled vesting date
June 15, 2027
Primary vesting date subject to continued service
Key Terms
Restricted Stock Units (RSUs), contingent right, vest, Annual Meeting of Stockholders
4 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"
vest financial
"The RSUs will vest on June 15, 2027, subject to continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders financial
"if the Issuer's 2027 Annual Meeting of Stockholders occurs prior to June 15, 2027"