4//SEC Filing
McCaffery Stephen J. 4
Accession 0001708055-21-000060
CIK 0001708055other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 7:27 PM ET
Size
13.6 KB
Accession
0001708055-21-000060
Insider Transaction Report
Form 4
McCaffery Stephen J.
EVP, Global Sales
Transactions
- Award
Performance-Based Restricted Stock Units (PSUs)
2021-03-15+41,817→ 41,817 total→ Common Stock (41,817 underlying) - Award
PSUs
2021-03-15+25,090→ 25,090 total→ Common Stock (25,090 underlying) - Award
PSUs
2021-03-15+16,727→ 16,727 total→ Common Stock (16,727 underlying) - Award
Restricted Stock Units (RSUs)
2021-03-15+41,817→ 41,817 total→ Common Stock (41,817 underlying)
Footnotes (5)
- [F1]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs will vest as to one-third on March 15, 2022 and the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through March 15, 2024.
- [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 achievement of a revenue goal set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") for the fiscal year ending December 31, 2021. 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 3/15/2022.
- [F4]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 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 3/15/2024.
- [F5]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 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 3/15/2024.
Documents
Issuer
Ribbon Communications Inc.
CIK 0001708055
Entity typeother
Related Parties
1- filerCIK 0001690129
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 7:27 PM ET
- Size
- 13.6 KB