Form 4: Ribbon Communications Director Scott Mair Reports Stock Transactions

Director Scott Mair reports the vesting and disposal of 51,964 Restricted Stock Units (RSUs) and the acquisition of 48,365 additional RSUs.

Summary

• On June 15, 2024, Director Scott Mair vested and disposed of 51,964 shares of Ribbon Communications Inc. common stock related to Restricted Stock Units (RSUs) that were awarded on June 15, 2023.
• Following this transaction, Mr. Mair still held 92,273 shares.
• On June 17, 2024, Mr. Mair acquired 48,365 additional RSUs which will vest on June 17, 2025, contingent upon continued service with the Issuer.
• As of this report, Mr. Mair directly owns 48,365 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine stock transactions by a company director. There is no indication of positive or negative performance.

Positives

• The acquisition of new RSUs indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The newly acquired RSUs will vest on June 17, 2025, contingent upon the Reporting Person's continued service with the Issuer.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology and communications industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates