Valdivielso Fernando 4
4 · Ribbon Communications Inc. · Filed Jun 23, 2020
Insider Transaction Report
Form 4
Valdivielso Fernando
EVP, Sales - EMEA and APA
Transactions
- Award
Performance-Based Restricted Stock Units (PSUs)
2020-06-19+13,730→ 13,730 totalExp: 2022-12-31→ Common Stock (13,730 underlying)
Footnotes (2)
- [F1]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 the Russell 2500 Telecommunications Sub Sector Index, that were set by the Compensation Committee (the "Compensation Committee") of the Issuer's Board of Directors. The aggregate number of shares issued may range from zero (0) 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.
- [F2]Between zero (0) and 200% of the PSUs will vest, if at all, as determined by the Compensation Committee after the TSR performance period, commencing on January 1, 2020 and ending on December 31, 2022.