4/A: Ribbon Communications EVP & COO Sam Bucci Corrects Share Vesting Amount in Amended SEC Filing

Sam Bucci, EVP & COO of Ribbon Communications, filed an amended SEC Form 4 to correct the number of shares issued upon the vesting of Performance Share Units (PSUs).

Summary

• Sam Bucci, the EVP & COO of Ribbon Communications, filed an amendment to a previous SEC Form 4 filing.
• The amendment corrects the number of shares issued upon the vesting of Performance Share Units (PSUs).
• The original filing overstated the number of shares issued by 1,978 shares.
• The corrected filing shows that 23,743 shares were issued upon vesting on April 17, 2024.
• Additionally, 12,709 shares were withheld by the issuer to satisfy tax obligations at a price of $2.61.
• Following these transactions, Bucci beneficially owns 333,587 shares of Ribbon Communications common stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing. While the initial error is a slight negative, the correction itself is a positive. Overall, the sentiment is neutral.

Negatives

• The original Form 4 filing overstated the number of shares issued upon vesting, requiring an amendment.

Industry Context

This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies.

Stakeholder Impact

• The correction of the share vesting amount ensures accurate reporting to shareholders.

Key Dates