Dan Redington is the CEO of Ribbon Communications Inc., a company focused on IP Optical Networking. He stepped into this leadership role after expanding his responsibilities from Executive Vice President of Sales – Americas to Executive Vice President, Global Sales...

Dan Redington is the CEO of Ribbon Communications Inc., a company focused on IP Optical Networking. He stepped into this leadership role after expanding his responsibilities from Executive Vice President of Sales – Americas to Executive Vice President, Global Sales in January 2023. Known for his extensive experience in sales, Dan leads Ribbon with a vision of establishing the company as a market leader. In 2023, his annual compensation was notable at $900,000, including a $450,000 salary and performance-based bonuses amounting to $100,000. His package reflects a business philosophy that aligns executive compensation with company performance. Dan’s leadership comes at a pivotal time as Ribbon seeks growth and innovation in a competitive sector. Despite unclear educational background details, his expertise speaks volumes through the significant roles he has undertaken within the company.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ribbon Communications Inc. CEOs

R

Dan Redington

CEO of Ribbon Communications Inc.

Education

Not specified

Field of Expertise

Sales & Marketing - Sales

Sector of Economy

Communication Services

CEO of Ribbon Communications Inc. for

2 years 4 months (Jan 2023 - Present)

Previous Experience

Various sales roles in telecommunications

Rivals

Competitors/colleagues of Dan Redington

Holdings

See how much did Dan Redington make over time.

Dan Redington holds a significant number of shares in Ribbon Communications, reflecting his commitment to the company's success. As of 2023, his wealth is notably tied to the performance of Ribbon's stock. In the past, there have been fluctuations in...

Dan Redington holds a significant number of shares in Ribbon Communications, reflecting his commitment to the company's success. As of 2023, his wealth is notably tied to the performance of Ribbon's stock. In the past, there have been fluctuations in his holdings, with a peak during strategic growth phases when investor confidence was high. However, current fluctuations indicate a market responding to broader economic conditions, affecting overall values. The vested stocks from 2023 alone were valued at around $300,000. This alignment with company performance means that as the company succeeds, so does Dan's personal wealth, further motivating him to drive success in the organization.

Loading...

Total Stock Sold

$206.18K

RBBN

$206.18K

66,000 RBBN shares

What if they kept their stock?

If Dan Redington didn't sell their stock, today they would have:
Extra RBBN66,000 shares worth $298.65K.
This is 44.85% and $92.47K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dan Redington.

RBBN

$106.66K

RBBN at $3.10/share

Feb 26, 2024

Sale

RBBN

$99.27K

RBBN at $3.15/share

Feb 21, 2024

Sale

Compensation History

See how much did Dan Redington make over time.

In 2023, Dan Redington's total compensation reached $900,000. This includes a base salary of $450,000, a cash bonus of $100,000 linked to specific performance targets, and $300,000 from vested stock options. The bonus is tied to achieving key financial and operational targets, showing a clear link between his pay and Ribbon's performance. Other compensations also included health benefits and retirement contributions, totaling around $50,000. The company's compensation philosophy emphasizes long-term value creation, ensuring that executives like Dan are motivated to align their interests with those of the shareholders.

Year

2023

Total Compensation

$900.00K

Salary

$450.00K

Board Justification

The compensation philosophy aligns with company performance, focusing on long-term value creation and retention of top talent through competitive compensation packages.

Bonus

$100.00K

Board Justification

The bonus is based on the achievement of specific financial targets and operational goals set at the beginning of the year, paid out in cash in 2023.

Other

$50.00K

Board Justification

Other compensation includes health benefits, retirement contributions, and other perquisites provided to the CEO in 2023.

Restricted Stock

$300.00K(20K RSU)

Board Justification

The vested stock consists of performance-based restricted stock units (RSUs) that were granted in previous years and vested in 2023 based on the company's performance metrics.

Performance Metrics

The performance metrics include revenue growth, EBITDA targets, and strategic milestones that drive the company's success.

Other Ribbon Communications Inc. CEOs

Here are other CEOs of Ribbon Communications Inc.

Bruce McClelland

Ex-CEO of Ribbon Communications Inc.

June 2020 - January 2023