Form 4: Ribbon Communications EVP, Global Sales, Reports Stock Transactions
SEC Form 4 Filing
Dan Redington, EVP of Global Sales at Ribbon Communications, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 17, 2025, Dan Redington, EVP of Global Sales at Ribbon Communications, reported transactions involving Ribbon Communications Inc. common stock.
- 18,071 Restricted Stock Units (RSUs) vested and converted into common stock on a one-for-one basis.
- 7,110 shares of common stock were withheld by the issuer to satisfy tax withholding obligations at a price of $3.53 per share.
- Following these transactions, Redington directly owns 151,383 shares of Ribbon Communications common stock and 36,141 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction affects the total number of outstanding shares and insider ownership, which is relevant to shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/17/2023 | Date the RSUs were granted. |
| 04/17/2024 | First vesting date of the RSUs (one-third). |
| 04/17/2025 | Date of the reported transaction: vesting of RSUs and tax withholding. |
| 04/22/2025 | Date of the Form 4 filing. |
| 04/17/2026 | Final vesting date of the RSUs. |
Keywords
Ribbon Communications, Dan Redington, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Vesting, Tax Withholding, Beneficial Ownership, RBBN
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