Ribbon Communications CEO Franklin Hobbs' 2018 pay jumps 14,168% to $4.3M
Ribbon Communications reports 2018 executive compensation
By ExecPay News
Published: April 25, 2019
Ribbon Communications reported fiscal year 2018 executive compensation information on April 25, 2019.
In 2018, seven executives at Ribbon Communications received on average a compensation package of $1.6M, a 15% increase compared to previous year.
Average pay of disclosed executives at Ribbon Communications
Franklin Hobbs, Chief Executive Officer, received $4.3M in total, which increased by 14,168% compared to 2017. 69% of Hobbs' compensation, or $3M, was in stock awards. Hobbs also received $325K in bonus, $500K in non-equity incentive plan, $500K in salary, as well as $1.9K in other compensation.
For fiscal year 2018, the median employee pay was $110,338 at Ribbon Communications. Therefore, the ratio of Franklin Hobbs' pay to the median employee pay was 39 to one.
Anthony Scarfo, Executive Vice President, Products, R&D, Support and Supply Chain, received a compensation package of $1.6M. 40% of the compensation package, or $627K, was in stock awards.
Steven Bruny, Executive Vice President, Global Sales & Services, earned $1.4M in 2018.
Michael Swade, Former Executive Vice President, Global Sales, received $1.1M in 2018, which decreases by 40% compared to 2017.
Daryl Raiford, Chief Financial Officer, earned $1M in 2018, a 31% increase compared to previous year.
Kevin Riley, Chief Executive Officer, received $941K in 2018, which decreases by 45% compared to 2017.
David Walsh, Founder, earned $562K in 2018, a 77% decrease compared to previous year.
Related executives
Franklin Hobbs
Ribbon Communications
Chief Executive Officer
Daryl Raiford
Ribbon Communications
Chief Financial Officer
Anthony Scarfo
Ribbon Communications
Executive Vice President and General Manager, Cloud and Edge Business Unit
Steven Bruny
Ribbon Communications
Chief Executive Officer
Michael Swade
Ribbon Communications
Former Executive Vice President, Global Sales
Kevin Riley
Ribbon Communications
Chief Executive Officer
David Walsh
Ribbon Communications
Founder
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Source: SEC filing on April 25, 2019.