4//SEC Filing
Bruny Steven M 4
Accession 0001062993-22-015194
CIK 0001708055other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 5:54 PM ET
Size
16.4 KB
Accession
0001062993-22-015194
Insider Transaction Report
Form 4
Bruny Steven M
EVP Global Operations
Transactions
- Award
Performance-Based Restricted Stock Unit (PSU)
2022-06-15+67,524→ 67,524 total→ Common Stock (67,524 underlying) - Award
PSU
2022-06-15+97,668→ 97,668 total→ Common Stock (97,668 underlying) - Exercise/Conversion
RSUs
2022-06-17−13,528→ 0 total→ Common Stock (13,528 underlying) - Exercise/Conversion
Common Stock
2022-06-17+13,528→ 281,320 total - Tax Payment
Common Stock
2022-06-17$2.76/sh−4,952$13,668→ 276,368 total - Award
PSU
2022-06-15+45,016→ 45,016 total→ Common Stock (45,016 underlying)
Footnotes (6)
- [F1]The RSUs convert 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 of RSUs.
- [F3]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 of the Issuer's Board of Directors (the "Compensation Committee") on an annual basis) for each of the three fiscal years 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 03/15/2025.
- [F4]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 03/15/2025.
- [F5]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 achievement of a revenue goal set (prior to grant) by the Compensation Committee for the fiscal year ending December 31, 2022. 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 03/15/2023.
- [F6]The RSUs vested over three years following the date of grant and are now fully vested.
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001720723
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 5:54 PM ET
- Size
- 16.4 KB