4//SEC Filing
McClelland Bruce William 4
Accession 0001062993-25-009787
CIK 0001708055other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:20 PM ET
Size
22.8 KB
Accession
0001062993-25-009787
Insider Transaction Report
Form 4
McClelland Bruce William
DirectorPresident & CEO
Transactions
- Award
PSUs
2025-05-15+88,235→ 88,235 total→ Common Stock (88,235 underlying) - Exercise/Conversion
Common Stock
2025-05-16+237,341→ 1,551,680 total - Award
RSUs
2025-05-15+474,684→ 474,684 total→ Common Stock (474,684 underlying) - Award
PSUs
2025-05-15+272,943→ 272,943 total→ Common Stock (272,943 underlying) - Exercise/Conversion
RSUs
2025-05-16−237,341→ 0 total→ Common Stock (237,341 underlying) - Tax Payment
Common Stock
2025-05-16$3.62/sh−93,393$338,083→ 1,458,287 total - Award
Performance-Based RSUs (PSUs)
2025-05-15+132,353→ 132,353 total→ Common Stock (132,353 underlying) - Award
Restricted Stock Units (RSUs)
2025-05-15+375,000→ 375,000 total→ Common Stock (375,000 underlying) - Award
RSUs
2025-05-15+3,125,000→ 3,125,000 total→ Common Stock (3,125,000 underlying)
Footnotes (8)
- [F1]These RSUs convert to 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.
- [F3]The RSUs vest as to one-third on May 15, 2026; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through May 15, 2028.
- [F4]The RSUs vest as to one-half on May 15, 2026; the remaining one-half of the RSUs will vest in two equal semi-annual installments thereafter through May 15, 2027.
- [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 goals (set by 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 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 May 15, 2028.
- [F6]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 May 15, 2028.
- [F7]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 the fiscal year ending December 31, 2026. 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 May 15, 2027.
- [F8]The RSUs were granted on May 15, 2024 and vested in full on May 16, 2025.
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001424201
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:20 PM ET
- Size
- 22.8 KB