Ribbon director awarded 63,197 RSUs vesting 2027
SILVER LOUIS reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSUs) | 63,197 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F2. 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
Key Terms
Restricted Stock Units (RSUs) financial
contingent right financial
vest financial
Annual Meeting of Stockholders financial
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