LOPEZ MIGUEL A 4
4 · Ribbon Communications Inc. · Filed Apr 19, 2024
Insider Transaction Report
Form 4
LOPEZ MIGUEL A
EVP and CFO
Transactions
- Exercise/Conversion
Restricted Stock Units (RSUs)
2024-04-17−77,448→ 77,447 total→ Common Stock (77,448 underlying) - Exercise/Conversion
PSUs
2024-04-17−31,714→ 0 total→ Common Stock (31,714 underlying) - Exercise/Conversion
Common Stock
2024-04-17+31,714→ 429,997 total - Exercise/Conversion
Common Stock
2024-04-18+26,709→ 403,973 total - Exercise/Conversion
Common Stock
2024-04-17+77,448→ 366,569 total - Tax Payment
Common Stock
2024-04-18$2.57/sh−10,349$26,597→ 393,624 total - Tax Payment
Common Stock
2024-04-17$2.61/sh−52,733$137,633→ 377,264 total - Exercise/Conversion
RSUs
2024-04-18−26,709→ 53,418 total→ Common Stock (26,709 underlying) - Exercise/Conversion
Common Stock
2024-04-17+31,714→ 398,283 total - Exercise/Conversion
Performance Share Units (PSUs)
2024-04-17−31,714→ 0 total→ Common Stock (31,714 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis.
- [F2]Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting.
- [F3]The RSUs were granted on April 17, 2023 and vested as to one-half on April 17, 2024; the remaining half of the RSUs vest in two equal installments thereafter on July 17, 2024 and October 17, 2024.
- [F4]The PSUs were issued on April 17, 2023. The number of PSUs earned and vested was based on achievement of a revenue goal set (prior to grant) by the Compensation Committee of the Issuer's Board of Directors for the fiscal year ended December 31, 2023. The remaining PSUs were forfeited.
- [F5]The RSUs were granted on April 18, 2022 and vested as to one-third on April 18, 2023; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through April 18, 2025.