0001062993-24-010676.txt : 20240517
0001062993-24-010676.hdr.sgml : 20240517
20240517173247
ACCESSION NUMBER: 0001062993-24-010676
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240515
FILED AS OF DATE: 20240517
DATE AS OF CHANGE: 20240517
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Redington Dan
CENTRAL INDEX KEY: 0001967463
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38267
FILM NUMBER: 24961514
MAIL ADDRESS:
STREET 1: 6500 CHASE OAKS BOULEVARD
STREET 2: SUITE 100
CITY: PLANO
STATE: TX
ZIP: 75023
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ribbon Communications Inc.
CENTRAL INDEX KEY: 0001708055
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 821669692
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6500 CHASE OAKS BOULEVARD
CITY: PLANO
STATE: TX
ZIP: 75023
BUSINESS PHONE: 877-412-8867
MAIL ADDRESS:
STREET 1: 6500 CHASE OAKS BOULEVARD
CITY: PLANO
STATE: TX
ZIP: 75023
FORMER COMPANY:
FORMER CONFORMED NAME: Sonus Networks, Inc.
DATE OF NAME CHANGE: 20171027
FORMER COMPANY:
FORMER CONFORMED NAME: Solstice Sapphire Investments, Inc.
DATE OF NAME CHANGE: 20170531
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2024-05-15
0001708055
Ribbon Communications Inc.
RBBN
0001967463
Redington Dan
6500 CHASE OAKS BOULEVARD
SUITE 100
PLANO
TX
75023
0
1
0
0
EVP, Global Sales
0
Restricted Stock Units (RSUs)
2024-05-15
4
A
0
42194
0
A
Common Stock
42194
42194
D
Performance-Based RSUs (PSUs)
2024-05-15
4
A
0
58228
0
A
Common Stock
58228
58228
D
PSUs
2024-05-15
4
A
0
38818
0
A
Common Stock
38818
38818
D
The RSUs convert to common stock on a one-for-one basis.
The RSUs vest in full on May 16, 2025.
Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The number of PSUs earned and issuable upon vesting will be determined based on goals (set by the Compensation Committee on an annual basis) for each of the two fiscal years prior to the vesting date. The aggregate number of shares issued may range from zero shares to 150% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 05/15/2026.
Each PSU represents a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of a peer index of companies (set by the Compensation Committee at the time of grant) over the three fiscal years ending prior to the vesting date. The aggregate number of shares issued may range from zero shares to 200% of the target number of shares reported in columns 5, 7 and 9 of Table II. The number of PSUs reported in columns 5, 7 and 9 of Table II reflects achievement at the target level of performance. This PSU will vest on 05/15/2027.
Patrick Macken, By POA from Dan Redington, EVP of Global Sales
2024-05-17