RingCentral (RNG) president gets 4,520 RSU bonus; 2,300 shares withheld for taxes
Rhea-AI Filing Summary
RingCentral, Inc. President and COO Kira Makagon received 4,520 fully vested restricted stock units as an equity bonus for the first quarter of 2026, granted under the company’s Key Employee Equity Bonus Plan in lieu of a cash bonus.
To cover tax withholding on the RSU vesting, 2,300 Class A shares were remitted back to the company at $41.05 per share, a non-market disposition. After these routine compensation-related transactions, Makagon directly holds 241,235 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
Routine RSU bonus grant with tax withholding; no open-market trading signal.
RingCentral’s President and COO Kira Makagon received 4,520 fully vested RSUs as an equity bonus for Q1 2026, explicitly in lieu of a cash bonus. This shifts part of her compensation into equity but reflects standard executive pay practices.
On the same date, 2,300 shares were remitted to the issuer at $41.05 per share to satisfy tax withholding obligations tied to the vesting. This exempt disposition under Rule 16b-3(e) is not an open-market sale and does not indicate a change in her investment view. Following these events she holds 241,235 shares directly, so the net effect is incremental ownership, consistent with ongoing equity-based compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,520 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,300 | $41.05 | $94K |
Footnotes (1)
- Represents restricted stock units ("RSUs") that were fully vested as of the grant date. These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan, in lieu of a cash bonus earned for the first quarter of 2026. In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.