RingCentral (RNG) CEO granted RSUs and remits shares for tax withholding
Rhea-AI Filing Summary
RingCentral, Inc. CEO and Chairman Vladimir Shmunis reported routine equity compensation and related tax withholding transactions in Class A common stock. On May 29, 2026, he received 154,350 RSUs that will vest in equal quarterly installments over two years starting June 1, 2026. He also received 4,520 fully vested RSUs granted in lieu of a cash bonus for the first quarter of 2026. On June 1, 2026, 28,232 shares were remitted to the issuer at $49.10 per share to satisfy tax withholding obligations from RSU vesting, an exempt disposition under Rule 16b-3(e) rather than an open-market sale. After these transactions, Shmunis directly held 285,555 shares of Class A common stock.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,520 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 28,232 | $49.10 | $1.39M |
| Grant/Award | Class A Common Stock | 154,350 | $0.00 | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") that will vest in equal quarterly installments over a two year period commencing on June 1, 2026. Represents 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.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
Key Employee Equity Bonus Plan financial
Rule 16b-3(e) regulatory
FAQ
What insider transactions did RingCentral (RNG) CEO Vladimir Shmunis report?
Vladimir Shmunis reported RSU grants and a related tax withholding share remittance. He received 154,350 RSUs vesting over two years, 4,520 fully vested RSUs in lieu of a cash bonus, and remitted 28,232 shares to cover tax obligations from RSU vesting.
How many RSUs did the RingCentral (RNG) CEO receive in the latest Form 4?
He received two RSU awards totaling 158,870 units. One grant was 154,350 RSUs vesting quarterly over two years starting June 1, 2026, and another grant was 4,520 fully vested RSUs awarded instead of a cash bonus for first-quarter 2026.