Form 4: Ribbon Communications EVP, CFO Miguel Lopez Reports Stock Transactions
SEC Form 4 Filing
Miguel Lopez, EVP and CFO of Ribbon Communications, reports the vesting of Restricted Stock Units (RSUs) and subsequent stock transactions.
Summary
- On July 17, 2024, Miguel Lopez, the EVP and CFO of Ribbon Communications, reported transactions involving Ribbon Communications Inc. [RBBN] common stock.
- Mr. Lopez converted 38,724 Restricted Stock Units (RSUs) into common stock.
- He then disposed of 15,237 shares to satisfy tax withholding obligations at a price of $3.9 per share.
- Following these transactions, Mr. Lopez directly owns 417,111 shares of Ribbon Communications common stock and 38,723 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| April 17, 2023 | RSUs were granted |
| April 17, 2024 | One-third of RSUs vested |
| July 17, 2024 | RSUs converted to common stock; shares disposed of for tax obligations |
| July 18, 2024 | Date of Form 4 signature |
| October 17, 2024 | Remaining RSUs will vest |
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