Performance share grant lifts RingCentral (NYSE: RNG) CAO holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral Chief Accounting Officer Tarun Arora acquired 11,685 shares of Class A common stock through a performance-based restricted stock unit award at a price of $0 per share, increasing his direct holdings to 99,819 shares.
The award represents above-target achievement of 2025 performance goals from a PSU grant originally made on May 20, 2025. All shares from this first tranche are scheduled to vest on March 1, 2026 and relate to 2025 performance, while the remaining PSUs from the same grant stay eligible to vest based on 2026 performance outcomes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arora Tarun
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,685 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 99,819 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RingCentral (RNG) report for Tarun Arora?
RingCentral reported that Chief Accounting Officer Tarun Arora acquired 11,685 shares of Class A common stock via a performance-based restricted stock unit award at $0 per share, increasing his direct ownership to 99,819 shares following the transaction.
Was Tarun Arora’s RingCentral (RNG) transaction an open-market purchase?
No, the transaction was not an open-market purchase. Tarun Arora received 11,685 RingCentral Class A shares at $0 per share through performance-based restricted stock units, representing equity compensation rather than a cash purchase on the public market.
What are the terms of the performance-based RSUs reported for RingCentral (RNG)?
The RSUs are performance-based units granted on May 20, 2025. The 11,685 shares reported reflect above-target 2025 performance, certified on February 10, 2026, and are scheduled to vest on March 1, 2026. Remaining units may vest based on 2026 performance.
How is RingCentral’s (RNG) 2025 performance linked to this PSU award?
The 11,685 shares stem from a performance-based restricted stock unit grant whose first tranche depended on 2025 performance goals. The issuer’s Compensation Committee certified above-target achievement for 2025 on February 10, 2026, triggering this above-target share amount.
When will the newly awarded RingCentral (RNG) PSUs vest for Tarun Arora?
All 11,685 shares associated with the first tranche of Tarun Arora’s performance-based restricted stock units are scheduled to vest on March 1, 2026. These shares correspond to the portion of the award earned based on RingCentral’s 2025 performance metrics.