Macken Patrick W 4/A
4/A · Ribbon Communications Inc. · Filed Mar 18, 2025
Insider Transaction Report
Form 4/AAmended
Macken Patrick W
EVP, CLO & Secretary
Transactions
- Exercise/Conversion
Performance Share Units (PSUs)
2024-04-17−24,257→ 0 total→ Common Stock (24,257 underlying) - Tax Payment
Common Stock
2024-04-17$2.61/sh−10,372$27,071→ 224,429 total - Exercise/Conversion
Common Stock
2024-04-17+24,257→ 234,801 total
Footnotes (4)
- [F1]Each Performance Share Unit (PSU) converts into common stock on a one-for-one basis.
- [F2]Original Form 4 filing overstated the number of shares issued upon vesting of this PSU award by 2,020 shares. This amendment has been filed to correct the vesting amount and the amount shown in Column 5 reflects total shares owned after correcting this transaction. All other amounts shown on the original Form 4 filing are correct.
- [F3]Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting.
- [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.