PLANO, Texas, Oct. 15, 2024 /PRNewswire/ — Ribbon Communications Inc. (Nasdaq: RBBN), a world supplier of actual pace communications era and IP visual networking answers to most of the international’s biggest provider suppliers, enterprises, and important infrastructure operators to modernize and offer protection to their networks, nowadays introduced that, in connection together with his appointment as Leading Monetary Officer, the Board of Administrators has awarded John Townsend, as inducement awards, sign-on fairness grants consisting of 1 time-based vesting serve of limited percentage gadgets (“RSUs”) and two performance-based vesting grants of limited percentage gadgets (“PSUs”).  

Topic to Mr. Townsend’s persevered operate, 128,205 RSUs are eligible to vest on October 15, 2025, with an alternative 102,564 vesting in 4 equivalent instalments via October 15, 2027. A serve of 230,769 PSUs (the “Financial Performance PSUs”) will vest according to the fulfillment of each (i) annual monetary objectives established via the Repayment Committee of Ribbon’s Board of Administrators for the years ended December 31, 2025 via 2027 (60% weighting) and (ii) the relative general shareholder go back on Ribbon’s ordinary hold for the duration from October 15, 2025 via December 31, 2027 in comparison to the relative shareholder go back for the corporations integrated within the Nasdaq Telecom Index over the similar duration (40% weighting), in each instances matter to Mr. Townsend’s persevered operate. The vesting standards and weighting of the Monetary Efficiency PSUs are structured related to the Corporate’s annual PSU grants and will vest as much as 200% of the objective quantity awarded. Moreover, a serve of 314,583 PSUs will vest according to each (i) the fulfillment of specified hold costs for Ribbon’s ordinary hold and (ii) the passage of pace, matter to Mr. Townsend’s persevered provider with the Corporate. Upon vesting, the RSUs and PSUs will likely be settled in stocks of Ribbon’s ordinary hold. 

The RSU and PSU awards had been licensed in keeping with Nasdaq List Rule 5635(c)(4). 

About Ribbon 
Ribbon Communications (Nasdaq: RBBN) delivers communications application, IP and visual networking answers to provider suppliers, enterprises and important infrastructure sectors globally. We interact deeply with our consumers, serving to them modernize their networks for stepped forward aggressive positioning and industry results in nowadays’s impish, always-on and data-hungry international. Our cutting edge, end-to-end answers portfolio delivers unprecedented scale, functionality, and agility, together with core to edge software-centric answers, cloud-native offer, modern safety and analytics equipment, along side IP and visual networking answers for 5G and broadband web. We preserve a prepared center of attention on our constancy to Environmental, Social and Governance (ESG) issues, providing an annual Sustainability Report back to our stakeholders. To be told extra about Ribbon consult with rbbn.com.

Remarkable Data Referring to Ahead-Taking a look Statements 
The ideas on this reduce comprises “forward-looking statements” inside the that means of the U.S. Personal Securities Litigation Reform Office of 1995, which can be matter to quite a lot of dangers and uncertainties. All statements alternative than statements of ancient information contained on this reduce are forward-looking statements. With out proscribing the foregoing, the phrases “believes”, “estimates”, “expects”, “expectations”, “intends”, “may”, “plans”, “projects” and alternative related language, are supposed to spot forward-looking statements. Ahead-looking statements are according to the Corporate’s stream expectancies and guesses relating to its industry, the economic system and alternative era statuses. As a result of forward-looking statements relate to the era, they’re matter to inherent uncertainties, dangers and adjustments in instances which might be tough to expect. Fresh effects might vary materially from the ones pondered in those forward-looking statements because of diverse dangers, uncertainties and alternative notable components, together with, amongst others, the results of geopolitical instabilities and wars, together with in Israel and Ukraine (and the affect of sanctions and industry restrictions imposed in consequence thereof); unpredictable fluctuations in quarterly income and running effects; will increase in price lists, industry restrictions or taxes at the Corporate’s merchandise; the affect of restructuring and cost-containment actions; operational disruptions at amenities situated in Israel together with because of army call-ups of the Corporate’s workers in Israel, closure of the places of work there or the brief or long-term closure of pledge production within the patch; the possible affect of litigation; dangers similar to offer chain disruptions, together with because of trait availability; dangers attributable to upper pursuits charges and persevered inflationary pressures; dangers similar to cybersecurity and knowledge intrusion; failure to compete effectively towards telecommunications apparatus and networking corporations; failure to develop the Corporate’s buyer bottom or generate ordinary industry from present consumers; credit score dangers; the timing of shopper buying selections and the Corporate’s popularity of revenues; macroeconomic statuses, together with inflation; marketplace acceptance of the Corporate’s services and products; speedy technological and marketplace exchange; the power to offer protection to Corporate highbrow constituent rights and acquire important licenses; the power to preserve spouse, reseller, distribution and supplier aid and provide relationships; the possibility of defects within the Corporate’s merchandise; and forex fluctuations.

Those components don’t seem to be supposed to be an all-encompassing listing of dangers and uncertainties that can impact the Corporate’s industry and effects from operations. Supplementary knowledge relating to those and alternative components will also be discovered within the Corporate’s experiences filed with the Securities and Alternate Fee, together with, with out limitation, its Method 10-Okay for the generation ended December 31, 2023. In offering forward-looking statements, the Corporate expressly disclaims any legal responsibility to replace those statements publicly or differently, whether or not because of untouched knowledge, era occasions or differently, excluding as required via regulation.

Investor Touch
+1 (978) 614-8050
[email protected]       

Media Touch
Catherine Berthier
+1 (646) 741-1974
[email protected] 

SOURCE Ribbon Communications Inc.

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