Form 4: Ribbon Communications Director Bruns Grayson Reports Changes in Beneficial Ownership
SEC Form 4
Director Bruns Grayson reports acquisition and disposal of Ribbon Communications Inc. common stock.
Summary
- On April 15, 2024, Bruns Grayson, a director of Ribbon Communications Inc., reported changes in beneficial ownership of the company's common stock.
- Grayson acquired 10,546 shares of common stock.
- Grayson disposed of 600,721 shares of common stock.
- The shares were issued in lieu of cash fees for service on the company's Board of Directors and committees.
- The price was determined in accordance with the company's Non-Employee Director Compensation Policy.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to director stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of transaction: acquisition and disposal of Ribbon Communications Inc. common stock. |
| 04/16/2024 | Date of signature on the Form 4 filing. |
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