Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RBBN | Common Stock | Options Exercise | +4.12K | +1.66% | 252K | Mar 15, 2024 | Direct | F1 | ||
transaction | RBBN | Common Stock | Options Exercise | +1.58K | +0.63% | 253K | Mar 15, 2024 | Direct | F2 | ||
transaction | RBBN | Common Stock | Tax liability | -$4.4K | -1.55K | -0.61% | $2.83 | 252K | Mar 15, 2024 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RBBN | Restricted Stock Units (RSUs) | Options Exercise | $0 | -4.12K | -100% | $0.00* | 0 | Mar 15, 2024 | Common Stock | 4.12K | Direct | F1, F4 | |
transaction | RBBN | Performance-Based Restricted Stock Units | Options Exercise | $0 | -1.58K | -100% | $0.00* | 0 | Mar 15, 2024 | Common Stock | 1.58K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each Restricted Stock Unit (RSU) and Performance Share Unit (PSU) converts into common stock on a one-for-one basis. |
F2 | The number of PSUs earned and issued upon vesting was determined based on goals (set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") on an annual basis) for each of the three fiscal years ended December 31, 2023. Based on the Compensation Committee's determination of achievement of these pre-established financial goals, 32% of the shares subject to the 2023 financial period were earned and vested on March 15, 2024, and no shares were earned for the 2021 and 2022 performance periods and were forfeited. |
F3 | Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs and PSUs. |
F4 | The RSUs were granted on March 15, 2021 and vested as to one-third on March 15, 2022; the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through March 15, 2024. |