RBBN officer vests 20,652 RSUs; now owns 343,546 shares
Ribbon Communications (RBBN) insider transaction: EVP, CLO & Secretary Patrick Macken reported RSU vesting and related share withholding on 10/17/2025.
Rhea-AI Filing Summary
Ribbon Communications (RBBN) insider transaction: EVP, CLO & Secretary Patrick Macken reported RSU vesting and related share withholding on 10/17/2025. He acquired 20,652 shares of common stock upon RSU conversion (code M) and had 9,252 shares withheld (code F) at $3.81 to cover taxes. Following these transactions, he directly owns 343,546 common shares.
The RSUs were granted on April 17, 2023 and vest in scheduled installments through April 17, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,652 shares exercised/converted
Exercise
3 txns
Insider
Macken Patrick W
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 20,652 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,652 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,252 | $3.81 | $35K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 20,652 contracts (Direct);
Common Stock — 343,546 shares (Direct)
Footnotes (3)
- F1. Eash RSU represents a contingent right to receive one share of the Registrant's common stock.
- F2. Reflects shares of common stock withheld by the Registrant to satisfy tax withholding obligations in connection with the vesting.
- F3. The RSUs were granted on April 17, 2023 and vested as to one-third on April 17, 2024; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 17, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RBBN’s Patrick Macken report on Form 4?
He reported RSU vesting into 20,652 common shares and tax withholding of 9,252 shares at $3.81 on 10/17/2025.
What were the transaction codes on the Form 4 for RBBN?
Code M for RSU conversion to common stock and code F for shares withheld to satisfy tax obligations.
What is the vesting schedule of the reported RSUs for RBBN?
Granted on April 17, 2023, vested one‑third on April 17, 2024, with remaining installments through April 17, 2026.
What is Patrick Macken’s role at Ribbon Communications (RBBN)?
He is the company’s EVP, CLO & Secretary.
AI-generated analysis. How Rhea-AI works. Not financial advice.