Form 4: Ribbon Communications SVP, CAO & Deputy CFO Eric Marmurek Reports Stock Transactions
SEC Form 4
Eric Marmurek, SVP, CAO & Deputy CFO of Ribbon Communications, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.
Summary
- On April 17, 2025, Eric Marmurek vested 23,234 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- The company withheld 9,142 shares of common stock at a price of $3.53 to satisfy tax withholding obligations related to the vesting.
- On April 18, 2025, Marmurek vested 13,354 RSUs, also converting into common stock.
- An additional 5,254 shares were withheld at $3.58 to cover tax obligations.
- Following these transactions, Marmurek directly owns 362,382 shares of Ribbon Communications common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock ownership of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| April 17, 2023 | Date RSUs were originally granted, vesting as to one-half on April 17, 2024; the remaining half of the RSUs vested in two equal installments thereafter on October 17, 2024 and April 17, 2025. |
| April 18, 2022 | Date RSUs were originally granted, vesting 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, 2025 | Vesting of 23,234 RSUs and withholding of 9,142 shares for tax obligations. |
| April 18, 2025 | Vesting of 13,354 RSUs and withholding of 5,254 shares for tax obligations. |
| April 22, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Ribbon Communications, RBBN, Eric Marmurek, Restricted Stock Units, RSUs, Beneficial Ownership, Insider Trading, Tax Withholding, Common Stock
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