Form 4: Ribbon Communications EVP Patrick Macken Reports Stock Transactions
SEC Form 4
EVP, CLO & Secretary of Ribbon Communications, Patrick Macken, reports acquisition and disposal of common stock related to vesting of Restricted Stock Units (RSUs).
Summary
- On April 17, 2025, Patrick Macken acquired 20,653 shares of Ribbon Communications common stock through the vesting of Restricted Stock Units (RSUs).
- On the same day, 9,252 shares were disposed of to cover tax obligations at a price of $3.53 per share, resulting in a net holding of 295,604 shares.
- On April 18, 2025, Macken acquired 21,367 shares of Ribbon Communications common stock through the vesting of RSUs.
- On the same day, 9,572 shares were disposed of to cover tax obligations at a price of $3.58 per share, resulting in a net holding of 307,399 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive, indicating 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 have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| April 18, 2022 | Date RSUs were granted that vested as to one-third on April 18, 2023; the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through April 18, 2025. |
| April 17, 2023 | Date RSUs were granted that vested as to one-third on April 17, 2024; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 17, 2026. |
| April 17, 2024 | One-third of RSUs granted on April 17, 2023 vested. |
| April 18, 2023 | One-third of RSUs granted on April 18, 2022 vested. |
| April 17, 2025 | Macken acquired 20,653 shares through RSU vesting and disposed of 9,252 shares for tax obligations. |
| April 18, 2025 | Macken acquired 21,367 shares through RSU vesting and disposed of 9,572 shares for tax obligations. |
| April 17, 2026 | Final vesting date for RSUs granted on April 17, 2023. |
Keywords
Ribbon Communications, Patrick Macken, Form 4, Stock Transactions, RSUs, Vesting, Common Stock, Tax Withholding
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