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