Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-15

Ribbon Communications (RBBN)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$17,457,675
Bruce McClelland total, FY2025
1st
CEO pay percentile vs peers
223:1
CEO-to-median pay ratio
69.42%
Say-on-pay support, latest vote
Companies that benchmark against RBBN
14 companies name RBBN as a compensation peer

Each company listed discloses RBBN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RBBN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bruce McClelland$750,000$82,440$16,370,820$0$225,188$0$29,227$17,457,675
President and Chief Executive Officer
Sam Bucci493,11702,663,4230112,779025,4843,264,803
Executive Vice President, Chief Operating Officer
Steve McCaffery105,87602,276,776077,422012,0232,472,097
Executive Vice President, Global Sales
Patrick Macken478,50001,832,0090107,752039,2952,457,556
Executive Vice President, Chief Legal Officer and Corporate Secretary
Dan Redington342,34601,395,538080,7400163,6241,982,248
Former Executive Vice President, Global Sales
John Townsend500,000000112,594029,130641,724
Executive Vice President, Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Bruce McClelland$17,457,675$4,453,002$2,698,394+13,004,673
Sam Bucci3,264,8031,416,1151,843,101+1,848,688
Steve McCaffery2,472,097
Patrick Macken2,457,5561,459,9571,551,330+997,599
Dan Redington1,982,2481,251,0591,287,439+731,189
John Townsend641,7242,680,603−2,038,879

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Patrick MackenEVP, Chief Legal Officer2026-04-17A32,790CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D20,65200Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D13,818337,447CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D28,233374,253CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17A54,168CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D32,79000Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A80,546CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D20,650354,310CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A52,743CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A83,335CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D42,75300Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D80,54600Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D83,33500Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D19,107351,780CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D48,32800Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D23,14600Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A34,420CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D13,544336,704CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A57,002CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D22,429360,783CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D68,3083179,650CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D93,3943245,626CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D49,1883129,364CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D614,84331,617,037CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D34,42000Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D125,00300Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D1,562,50000Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D25,65100Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D107,39500Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17A20,652CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D64,43800Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D43,1163116,844CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D12,452332,749CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D9,107323,951CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A1,562,500CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17A64,438CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D28,868378,232CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17A34,202CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17A44,831CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D20,284353,347CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A25,815CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D22,884362,016CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A38,578CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D44,6093117,322CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D38,57800Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D52,74300Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17A48,328CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17A25,651CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D10,092327,349CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17A23,146CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17A31,646CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D26,04300Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A107,395CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D42,2593114,522CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A173,593CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A237,342CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17A125,003CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D57,00200Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D237,34200Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D14,688338,629CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D24,267363,822CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D34,20200Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D44,83100Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D54,16800Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17A42,753CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-04-17D25,81500Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17A26,043CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D10,247326,950CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-04-17D31,64600Derivative, Class A CommonForm 4 ↗
Bruce William McClellandDirector2026-04-17D173,59300Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D9,252325,073CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-04-17D15,322341,523CommonForm 4 ↗
Scott MairDirector2026-06-15D67,50000Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-06-15A65,00000Derivative, Class A CommonForm 4 ↗
Shaul ShaniDirector2026-06-15D42,50000Derivative, Class A CommonForm 4 ↗
Bruns H. GraysonDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Bruns H. GraysonDirector2026-06-15D42,50000Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-06-15A97,50000Derivative, Class A CommonForm 4 ↗
Shaul ShaniDirector2026-06-15A42,500CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-06-15A100,00000Derivative, Class A CommonForm 4 ↗
Patrick MackenEVP, Chief Legal Officer2026-06-15A162,50000Derivative, Class A CommonForm 4 ↗
Steve McCafferyEVP, Global Sales2026-06-15A80,00000Derivative, Class A CommonForm 4 ↗
Tanya TamoneDirector2026-06-15A42,500CommonForm 4 ↗
Shaul ShaniDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Beatriz V. InfanteDirector2026-06-15A42,500CommonForm 4 ↗
Scott MairDirector2026-06-15A67,500CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-06-15A60,00000Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-06-15A250,00000Derivative, Class A CommonForm 4 ↗
Sam BucciEVP, Chief Operating Officer2026-06-15A150,00000Derivative, Class A CommonForm 4 ↗
Steve McCafferyEVP, Global Sales2026-06-15A200,00000Derivative, Class A CommonForm 4 ↗
Steve McCafferyEVP, Global Sales2026-06-15A120,00000Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-06-15A150,00000Derivative, Class A CommonForm 4 ↗
Eric S. MarmurekEVP, Chief Financial Officer2026-06-15A90,00000Derivative, Class A CommonForm 4 ↗
Tanya TamoneDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Tanya TamoneDirector2026-06-15D42,50000Derivative, Class A CommonForm 4 ↗
Louis SilverDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Scott MairDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Beatriz V. InfanteDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
Beatriz V. InfanteDirector2026-06-15D42,50000Derivative, Class A CommonForm 4 ↗
Bruns H. GraysonDirector2026-06-15A42,500CommonForm 4 ↗
R. Stewart Ewing, JrDirector2026-06-15A42,500CommonForm 4 ↗
R. Stewart Ewing, JrDirector2026-06-15A63,19700Derivative, Class A CommonForm 4 ↗
R. Stewart Ewing, JrDirector2026-06-15D42,50000Derivative, Class A CommonForm 4 ↗
Bruns H. GraysonDirector2026-07-15A14,423CommonForm 4 ↗
Shaul ShaniDirector2026-07-15A11,752CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bruce McClellandPSU2025-05-15272,943409,414$988,054
Bruce McClellandPSU2025-05-1588,235176,470515,292
Steve McCafferyPSU2025-10-31432,0271,451,611
Dan RedingtonPSU2025-05-1584,388305,485
Sam BucciPSU2025-05-15100,000200,000584,000
Bruce McClellandRSU2025-05-153,125,00011,312,500
Sam BucciPSU2025-05-15150,000225,000543,000
Bruce McClellandRSU2025-05-15375,0001,357,500
Bruce McClellandRSU2025-05-15474,6841,718,356
Sam BucciRSU2025-05-15250,000905,000
Steve McCafferyPSU2025-10-31217,741
Patrick MackenPSU2025-05-15186,633
Sam BucciRSU2025-05-15105,485381,856
Sam BucciPSU2025-05-1560,65490,981219,567
Bruce McClellandPSU2025-05-15132,353198,529479,118
Patrick MackenPSU2025-05-1589,662324,576
Steve McCafferyPSU2025-10-31108,006362,900
Dan RedingtonPSU2025-05-15175,653
Dan RedingtonPSU2025-05-15262,800
Steve McCafferyPSU2025-10-31244,523
Patrick MackenPSU2025-05-15162,500588,250
Patrick MackenPSU2025-05-15379,600
Patrick MackenPSU2025-05-15352,950
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bruce McClelland$14,388,356$1,982,464$012.1%
Steve McCaffery02,276,7750100.0%
Dan Redington0743,9380100.0%
Sam Bucci1,286,8561,346,567051.1%
Patrick Macken01,832,0090100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bruce McClellandRSU474,684$1,367,090
Steve McCafferyRSU432,0271,244,238
Bruce McClellandRSU173,591499,942
John TownsendPSU92,308265,847
Sam BucciRSU38,575111,096
Bruce McClellandRSU34,42099,130
Patrick MackenPSU51,556148,481
John TownsendRSU16,61547,851
Sam BucciRSU80,545231,970
Sam BucciRSU105,485303,797
Sam BucciRSU250,000720,000
Bruce McClellandPSU218,354628,860
Patrick MackenRSU162,500468,000
Patrick MackenRSU32,78994,432
Bruce McClellandRSU15,88245,740
Bruce McClellandRSU56,999164,157
Patrick MackenPSU65,000187,200
Sam BucciPSU100,000288,000
Bruce McClellandRSU375,0001,080,000
Patrick MackenRSU11,70033,696
Sam BucciRSU18,00051,840
Bruce McClellandRSU3,125,0009,000,000
John TownsendPSU314,583905,999
Patrick MackenRSU64,437185,579
Dan RedingtonRSU27,14078,163
Sam BucciRSU25,81574,347
John TownsendRSU102,564295,384
Steve McCafferyPSU43,202124,710
Steve McCafferyRSU108,006311,057
Patrick MackenRSU34,19998,493
Sam BucciPSU48,253139,746
Steve McCafferyRSU1,2963,732
Bruce McClellandPSU88,235254,117
Bruce McClellandPSU272,943786,076
Bruce McClellandRSU107,394309,295
John TownsendPSU92,307265,844
Patrick MackenRSU89,662258,227
Steve McCafferyPSU61,240176,268
Sam BucciPSU60,654174,684
Dan RedingtonRSU51,645148,738
Dan RedingtonRSU28,24181,334
Sam BucciRSU42,751123,123
Patrick MackenPSU41,244118,783
Dan RedingtonRSU27,97380,562
Patrick MackenRSU20,65259,478
Dan RedingtonRSU6,05817,447
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy and practices are a critical part of our business strategy. We have a rigorous performance and compensation management system, and we believe our compensation processes and programs are aligned to provide strong incentives for success while appropriately balancing risk.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0398,595,57943,428,9495,634,88069.42%Passed
20252025-05-28149,692,8341,182,807833,89999.22%Passed
20242024-06-04142,889,6531,902,719784,04298.69%Passed
20232023-08-03139,868,2001,809,824674,20598.72%Passed
20222022-05-25122,616,7462,181,646747,56198.25%Passed
20212021-05-27112,514,4639,377,054740,81692.31%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0369.42%a
20252025-05-2899.22%b
20242024-06-0498.69%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)223 : 1
CEO total compensation$17,457,675
Median employee compensation$78,251
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Shaul ShaniNot independent · Board Chair$110,000$890,073$0$0$-5,100$994,973
Scott MairIndependent · Audit · Technology and Innovation (Chair)115,000260,55000-8,100367,450
R. Stewart Ewing, JrIndependent · Audit (Chair) · Nominating, Sustainability and Corporate Governance105,000164,05000-5,100263,950
Bruns H. GraysonIndependent · Lead Independent Director · Compensation · Nominating, Sustainability and Corporate Governance (Chair)135,000164,05000-35,100263,950
Beatriz V. InfanteIndependent · Audit · Compensation (Chair) · Technology and Innovation107,000164,05000-7,100263,950
Tanya TamoneIndependent · Compensation · Nominating, Sustainability and Corporate Governance75,000164,050000239,050
Bruce W. McClellandEmployee director00000
Richard W. SmithNot independent000000
Louis SilverIndependent · Partial-year service · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$145,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$647,000
Equity awards (grant-date value)$1,806,823
All other compensation$-60,500
Total cost of the board$2,393,323

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

FIS Information Corporate
10a

Peer reciprocity

Of the companies Ribbon Communications names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Ribbon Communications.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Information2025Stephanie Ferris$1,250,000$18,741,367$0$2,812,500$22,928,412
2Ribbon Communications2025Bruce McClelland750,00016,370,8200225,18817,457,675

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Ribbon Communications30%PSU 50 · RSU 50Yes — Relative TSRFW Cook
Information100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bruce McClellandDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 17,457,675. Filing ↗machine: t160 · r1 · c42 · span 1626864–1626874
2Section 01, Sam BucciDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 3,264,803. Filing ↗
3Section 01, Steve McCafferyDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 2,472,097. Filing ↗
4Section 01, Patrick MackenDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 2,457,556. Filing ↗machine: r9 · c42 · span 1688851–1688860
5Section 01, Dan RedingtonDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 1,982,248. Filing ↗machine: r13 · c42 · span 1719701–1719710
6Section 01, John TownsendDEF 14A2026-04-170001104659-26-044643Section “2025 Summary Compensation Table”. As printed: 641,724. Filing ↗machine: r4 · c42 · span 1649800–1649807
7Section 03, Bruce McClelland PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r2 · c12 · span 1456769–1456776
8Section 03, Bruce McClelland PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r7 · c27 · span 1852316–1852322
9Section 03, Steve McCaffery PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r24 · c39 · span 2000858–2000865
10Section 03, Dan Redington PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r7 · c24 · span 1487435–1487441
11Section 03, Sam Bucci PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r14 · c27 · span 1912677–1912684
12Section 03, Bruce McClelland RSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r2 · c30 · span 1459786–1459795
13Section 03, Sam Bucci PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r13 · c27 · span 1904486–1904493
14Section 03, Bruce McClelland RSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r2 · c18 · span 1457776–1457783
15Section 03, Bruce McClelland RSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r2 · c24 · span 1458781–1458788
16Section 03, Sam Bucci RSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r4 · c6 · span 1467077–1467084
17Section 03, Steve McCaffery PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r25 · c45 · span 2010071–2010078
18Section 03, Patrick Macken PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r21 · c45 · span 1975106–1975113
19Section 03, Sam Bucci RSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r4 · c24 · span 1470080–1470087
20Section 03, Sam Bucci PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r4 · c12 · span 1468081–1468087
21Section 03, Bruce McClelland PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r6 · c27 · span 1844125–1844132
22Section 03, Patrick Macken PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r5 · c24 · span 1475728–1475734
23Section 03, Steve McCaffery PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r6 · c6 · span 1478373–1478380
24Section 03, Dan Redington PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
25Section 03, Dan Redington PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
26Section 03, Steve McCaffery PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r26 · c45 · span 2018418–2018425
27Section 03, Patrick Macken PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r5 · c6 · span 1472725–1472732
28Section 03, Patrick Macken PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r20 · c45 · span 1966782–1966789
29Section 03, Patrick Macken PSUDEF 14A2026-04-170001104659-26-044643Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t163 · r19 · c45 · span 1958592–1958599
30Section 07, pay ratioDEF 14A2026-04-170001104659-26-044643Section “CEO Pay Ratio”. As printed: 223 : 1. Filing ↗
31Section 08, Shaul ShaniDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 994,973. Filing ↗machine: t92 · r5 · c18 · span 931489–931496
32Section 08, Scott MairDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 367,450. Filing ↗machine: t92 · r4 · c18 · span 927632–927639
33Section 08, R. Stewart Ewing, JrDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 263,950. Filing ↗machine: t92 · r1 · c18 · span 916420–916427
34Section 08, Bruns H. GraysonDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 263,950. Filing ↗machine: t92 · r2 · c18 · span 920282–920289
35Section 08, Beatriz V. InfanteDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 263,950. Filing ↗machine: t92 · r3 · c18 · span 923961–923968
36Section 08, Tanya TamoneDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 239,050. Filing ↗machine: t92 · r7 · c18 · span 938966–938973
37Section 08, Bruce W. McClellandDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Richard W. SmithDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, Louis SilverDEF 14A2026-04-170001104659-26-044643Section “Director Compensation”. As printed: 0. Filing ↗
40Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Sam Bucci 2026-04-17Form 42026-05-190001708055-26-000035Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Eric S. Marmurek 2026-04-17Form 42026-05-190001708055-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Bruce William McClelland 2026-04-17Form 42026-05-190001708055-26-000033Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, Patrick Macken 2026-04-17Form 42026-05-190001708055-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Scott Mair 2026-06-15Form 42026-06-170001708055-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Patrick Macken 2026-06-15Form 42026-06-170001708055-26-000055Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Shaul Shani 2026-06-15Form 42026-06-170001708055-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Bruns H. Grayson 2026-06-15Form 42026-06-170001708055-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, Bruns H. Grayson 2026-06-15Form 42026-06-170001708055-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Patrick Macken 2026-06-15Form 42026-06-170001708055-26-000055Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Shaul Shani 2026-06-15Form 42026-06-170001708055-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Sam Bucci 2026-06-15Form 42026-06-170001708055-26-000058Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, Patrick Macken 2026-06-15Form 42026-06-170001708055-26-000055Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, Steve McCaffery 2026-06-15Form 42026-06-170001708055-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Tanya Tamone 2026-06-15Form 42026-06-170001708055-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, Shaul Shani 2026-06-15Form 42026-06-170001708055-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Beatriz V. Infante 2026-06-15Form 42026-06-170001708055-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, Scott Mair 2026-06-15Form 42026-06-170001708055-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Eric S. Marmurek 2026-06-15Form 42026-06-170001708055-26-000056Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Sam Bucci 2026-06-15Form 42026-06-170001708055-26-000058Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Sam Bucci 2026-06-15Form 42026-06-170001708055-26-000058Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, Steve McCaffery 2026-06-15Form 42026-06-170001708055-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, Steve McCaffery 2026-06-15Form 42026-06-170001708055-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Eric S. Marmurek 2026-06-15Form 42026-06-170001708055-26-000056Insider equity transaction reported since the proxy statement. Filing ↗
132Section 02, Eric S. Marmurek 2026-06-15Form 42026-06-170001708055-26-000056Insider equity transaction reported since the proxy statement. Filing ↗
133Section 02, Tanya Tamone 2026-06-15Form 42026-06-170001708055-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
134Section 02, Tanya Tamone 2026-06-15Form 42026-06-170001708055-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
135Section 02, Louis Silver 2026-06-15Form 42026-06-170001708055-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
136Section 02, Scott Mair 2026-06-15Form 42026-06-170001708055-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
137Section 02, Beatriz V. Infante 2026-06-15Form 42026-06-170001708055-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
138Section 02, Beatriz V. Infante 2026-06-15Form 42026-06-170001708055-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
139Section 02, Bruns H. Grayson 2026-06-15Form 42026-06-170001708055-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
140Section 02, R. Stewart Ewing, Jr 2026-06-15Form 42026-06-170001708055-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
141Section 02, R. Stewart Ewing, Jr 2026-06-15Form 42026-06-170001708055-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
142Section 02, R. Stewart Ewing, Jr 2026-06-15Form 42026-06-170001708055-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
143Section 02, Bruns H. Grayson 2026-07-15Form 42026-07-150001708055-26-000062Insider equity transaction reported since the proxy statement. Filing ↗
144Section 02, Shaul Shani 2026-07-15Form 42026-07-150001708055-26-000061Insider equity transaction reported since the proxy statement. Filing ↗
145Section 06, 2026 voteForm 8-K2026-06-050001104659-26-070981Item 5.07 · say-on-pay result. As reported: 69.42% (votes for as printed: 98,595,579). Filing ↗
146Section 06, 2025 voteForm 8-K2025-05-300001104659-25-054927Item 5.07 · say-on-pay result. As reported: 99.22% (votes for as printed: 149,692,834). Filing ↗
147Section 06, 2024 voteForm 8-K2024-06-060001104659-24-069090Item 5.07 · say-on-pay result. As reported: 98.69% (votes for as printed: 142,889,653). Filing ↗
148Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
149Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
150Section 09b board cost (computed)ComputedcomputedCash 647,000 + equity 1,806,823 + all other -60,500 = 2,393,323, summed across the director compensation table rows.machine: formula: Σ = 2,393,323
151Information, Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Information's own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
152Ribbon Communications (subject), Section 10b CEO totalDEF 14A2026-04-170001104659-26-044643CEO total compensation as printed in Ribbon Communications's own proxy. As printed: 17,457,675. Filing ↗machine: t160 · r1 · c42 · span 1626864–1626874
153Section 10a, Information reciprocityDEF 14A0001136893-26-000026Information's most recent proxy was read; its disclosed peer group does not include Ribbon Communications. Filing ↗