In 2019, Franklin W. Hobbs earned $1.30M in total compensation at Ribbon Communications Inc., including $400.00K salary, $100.00K bonus and $750.00K in stock. Most recently acquired 5,718 shares in May 2024. Currently holds stock worth $11.94M. Led Ribbon Communications Inc. as CEO for 1 years.
Compensation History
Annual executive compensation data for Franklin W. Hobbs, including salary, bonuses, and stock awards.
Year
2019
Total Compensation
$1.30M
Salary
$400.00K
Bonus
$100.00K
Other
$50.00K
Salary
$400.00KBoard Justification
The compensation philosophy aims to align CEO compensation with company performance, using peer benchmarking and retention strategies to attract and retain top talent.
Bonus
$100.00KBoard Justification
The bonus is based on the company's performance metrics including revenue growth and EBITDA targets for the year 2019.
Other Compensation
$50.00KBoard Justification
Other compensation includes retirement contributions and health benefits paid in 2019.
Restricted Stock
Board Justification
The stock that vested in 2019 was part of a long-term incentive plan based on performance criteria set in prior years.
Performance Metrics
The performance metrics included revenue growth, EBITDA targets, and overall company performance against industry benchmarks.
Franklin W. Hobbs
Ex-CEO of Ribbon Communications Inc.
Education
B.A. from Harvard College, M.B.A. from Harvard Business School
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Communication Services
Born
January 1, 1947 - 78 years ago
CEO of Ribbon Communications Inc. for
1 year 10 months (Dec 2017 - Nov 2019)
Previous Experience
Advisor to One Equity Partners LLC, Chairman of Ally Financial Inc., former CEO of Houlihan Lokey Howard & Zukin
Other Ribbon Communications Inc. CEOs
Holdings
Track Franklin W. Hobbs's stock holdings and portfolio value over time.
Insider Trading
Franklin W. Hobbs's recent stock transactions, purchases, and sales filed with the SEC.
$235.01K
ALLY at $41.10/share
May 15, 2024
Received
$235.02K
ALLY at $25.56/share
May 15, 2023
Received
$235.03K
ALLY at $39.58/share
May 13, 2022
Received
447 shares
ALLY
Jan 7, 2022
Received
417 shares
ALLY
Oct 7, 2021
Received
427 shares
ALLY
Jul 9, 2021
Received
$225.02K
ALLY at $54.00/share
May 14, 2021
Received
471 shares
ALLY
Apr 14, 2021
Received
596 shares
ALLY
Jan 11, 2021
Received
848 shares
ALLY
Oct 9, 2020
Received
Rivals
Compare Franklin W. Hobbs with competitor CEOs and industry peers.