Macken Patrick W 4

4 · Ribbon Communications Inc. · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

Ribbon Communications (RBBN) EVP Patrick Macken Receives Equity Awards

What Happened

Patrick W. Macken, EVP and Chief Legal Officer of Ribbon Communications (RBBN), was granted three derivative equity awards on June 15, 2026: 162,500 shares, 97,500 shares, and 65,000 shares (total 325,000). Each award is reported at $0.00 (no cash paid) and will convert one-for-one into common stock upon vesting.

Key Details

Transaction type: A = Award/Grant (derivative awards reported at $0.00).
Grant date / Period of report: 2026-06-15; Form 4 filed 2026-06-17 (timely within the Form 4 reporting window).
Specific awards: 162,500; 97,500; 65,000 (total 325,000).
Vesting / performance:
- All awards convert 1:1 to common stock (Footnote F1).
- RSUs: vest one-third on June 15, 2027; remaining two-thirds vest in four equal semi-annual installments through June 15, 2029 (F2).
- PSUs (first set): payout determined by annual performance goals for each of three fiscal years prior to vesting; payout range 0–100% of target; vest April 15, 2029 (F3).
- PSUs (TSR-based): payout based on Ribbon’s relative total shareholder return vs. a peer index over three fiscal years; payout range 0–125% of target; vest April 15, 2029 (F4).
Shares owned after transaction: Not specified in the provided filing excerpt.
Filing timeliness: Form 4 filed two days after the grants; appears timely (not marked late).

Context

These are equity awards (RSUs/PSUs), not open-market purchases or sales. They are subject to time- and/or performance-based vesting, so they do not represent immediately tradable shares. Such grants are common for executive compensation and should be interpreted as future potential equity, contingent on vesting and performance conditions.

Form 4

Period: 2026-06-15

EVP, Chief Legal Officer

Transactions

Award
Restructed Stock Unites (RSUs)
[F1][F2]
2026-06-15+162,500→ 162,500 total
→ Common Stock (162,500 underlying)
Award
Performance-Based RSUs (PSUs)
[F1][F3]
2026-06-15+97,500→ 97,500 total
→ Common Stock (97,500 underlying)
Award
PSUs
[F1][F4]
2026-06-15+65,000→ 65,000 total
→ Common Stock (65,000 underlying)

Footnotes (4)

[F1]The RSUs and PSUs convert to Common Stock on a one-for-one basis.
[F2]The RSUs vest as to one-third on June 15, 2027; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through June 15, 2029.
[F3]The number of PSUs earned and issuable upon vesting will be determined based on goals (set by the Compensation Committee of the 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 100% 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. These PSUs will vest on April 15, 2029.
[F4]The number of PSUs earned and issuable upon vesting will be 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 ending prior to the vesting date. The aggregate number of shares issued may range from zero shares to 125% 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. These PSUs will vest on April 15, 2029.

Signature

Patrick Macken|2026-06-17

1 file