4//SEC Filing
Marmurek Eric S 4
Accession 0001062993-25-005800
CIK 0001708055other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 6:19 PM ET
Size
14.4 KB
Accession
0001062993-25-005800
Insider Transaction Report
Form 4
Marmurek Eric S
SVP, Deputy CFO and CAO
Transactions
- Exercise/Conversion
Common Stock
2025-03-15+16,399→ 328,289 total - Tax Payment
Common Stock
2024-03-15$3.95/sh−12,932$51,081→ 340,190 total - Exercise/Conversion
PSUs
2025-03-15−32,154→ 0 total→ Common Stock (32,154 underlying) - Exercise/Conversion
Common Stock
2025-03-15+32,154→ 353,122 total - Tax Payment
Common Stock
2025-03-15$3.95/sh−7,321$28,918→ 320,968 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PSUs)
2025-03-15−16,399→ 0 total→ Common Stock (16,399 underlying)
Footnotes (4)
- [F1]Each 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, 2024. Based on the Compensation Committee's determination of achievement of these pre-established financial goals, 32% and 70% of the shares subject to the 2023 and 2024 financial periods, respectively, were earned and vested on March 15, 2025, and no shares were earned for the 2022 performance period 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 PSUs.
- [F4]The number of PSUs earned and issued upon vesting was determined 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 ended December 31, 2024. Based on the Compensation Committee's determination of achievement of the pre-established TSR goal, 100% of the shares subject to the PSU award were earned and vested on March 15, 2025.
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001720721
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 6:19 PM ET
- Size
- 14.4 KB