RingCentral Files 2024 DEF 14A on Executive Compensation
Ticker: RNG · Form: DEF 14A · Filed: Dec 9, 2024 · CIK: 1384905
| Field | Detail |
|---|---|
| Company | Ringcentral, Inc. (RNG) |
| Form Type | DEF 14A |
| Filed Date | Dec 9, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
Related Tickers: RNG
TL;DR
RingCentral's 2024 DEF 14A is out, detailing exec pay & equity awards for 2023. #CorpGov
AI Summary
RingCentral, Inc. filed its DEF 14A on December 9, 2024, for the fiscal year ending December 31, 2024. The filing details executive compensation and other corporate governance matters. Notably, it includes information on equity awards granted to individuals like Shmunis Member and Robbiati Member during the 2023 fiscal year.
Why It Matters
This filing provides transparency into how RingCentral compensates its top executives, which can influence investor decisions and employee morale.
Risk Assessment
Risk Level: low — DEF 14A filings are routine disclosures and do not typically present new, immediate risks to the company.
Key Numbers
- 2023 — Fiscal Year for Equity Awards (Details executive equity awards granted during this period.)
- 2024 — Fiscal Year End (The period covered by this DEF 14A filing.)
Key Players & Entities
- RingCentral, Inc. (company) — Filer of the DEF 14A
- Shmunis Member (person) — Recipient of equity awards in 2023
- Robbiati Member (person) — Recipient of equity awards in 2023
- 20241209 (date) — Filing date
- 20241231 (date) — Fiscal year end
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.
Who are the key individuals mentioned in relation to equity awards for the 2023 fiscal year?
The filing mentions 'Shmunis Member' and 'Robbiati Member' in the context of equity awards granted during the 2023 fiscal year.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on December 9, 2024.
What is the fiscal year end for RingCentral, Inc. as stated in this filing?
The fiscal year end for RingCentral, Inc. is December 31, 2024.
What is the SIC code for RingCentral, Inc.?
The Standard Industrial Classification (SIC) code for RingCentral, Inc. is 7374, which falls under SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 4,788 words · 19 min read · ~16 pages · Grade level 13.8 · Accepted 2024-12-09 16:43:47
Filing Documents
- rng-20241209.htm (DEF 14A) — 931KB
- rng-20241209_g1.gif (GRAPHIC) — 2KB
- rng-20241209_g2.jpg (GRAPHIC) — 335KB
- rng-20241209_g3.jpg (GRAPHIC) — 335KB
- rng-20241209_g4.jpg (GRAPHIC) — 301KB
- rng-20241209_g5.jpg (GRAPHIC) — 443KB
- rng-20241209_g6.jpg (GRAPHIC) — 213KB
- 0001384905-24-000069.txt ( ) — 5405KB
- rng-20241209.xsd (EX-101.SCH) — 2KB
- rng-20241209_def.xml (EX-101.DEF) — 3KB
- rng-20241209_lab.xml (EX-101.LAB) — 3KB
- rng-20241209_pre.xml (EX-101.PRE) — 2KB
- rng-20241209_htm.xml (XML) — 99KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 22 Compensation Discussion and Analysis 22 202 3 Executive Compensation Highlights 22 Compensation Philosophy and Objectives 23
Executive Compensation Policies and Practices
Executive Compensation Policies and Practices 23 Compensation-Setting Process 24 Compensation Overview 25 Base Salary 26 Annual Incentive Compensation 27 Equity Compensation 28 Welfare and Other Employee Benefits 32 Perquisites 32 Post-Employment Compensation 32 Executive Employment Arrangements 33 Other Compensation Policies 37 Tax and Accounting Considerations 37 Compensation-Related Risk 38 Report of the Compensation Committee 39 Summary Compensation Table 40 Grants of Plan-Based Awards in 20 23 41 Outstanding Equity Awards at Fiscal Year-End 44 -i- Option Exercises and Stock Vested in 202 3 45 Pension Benefits 45 Non-Qualified Deferred Compensation 45 Hedging Policy 46 Potential Payments upon Termination and upon Termination in Connection with a Change of Control 46 CEO Pay Ratio 47 Pay versus Performance Disclosure 49
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 55 Equity Compensation Plan Information 58 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 59 Limitation of Officer and Director Liability and Indemnification Arrangements 59 Policies and Procedures for Related Party Transactions 61 OTHER MATTERS 62 Delinquent Section 16(a) Reports 62 202 3 Annual Report and SEC Filings 64 -ii- Table of Contents RINGCENTRAL, INC. PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS PROCEDURAL MATTERS This proxy statement and the enclosed form of proxy are furnished in connection with solicitation of proxies by our board of directors for use at the annual meeting of stockholders to be held on December 31, 2024 and any postponements, adjournments or continuations thereof (the "Annual Meeting"). The Annual Meeting will be conducted virtually via live webcast. You will be able to attend the Annual Meeting virtually by visiting www.virtualshareholdermeeting.com/RNG2024, where you will be able to listen to the meeting live, submit questions and vote online by entering the control number located on your proxy card. This proxy statement, the accompanying form of proxy card and our 2023 annual report, as amended, are first being mailed on or about December 9, 2024 to all stockholders entitled to notice of and to vote at the Annual Meeting. We use the terms "RingCentral," "the Company," "we," "our" and "us" in this proxy statement to refer to RingCentral, Inc., a Delaware corporation. RingCentral's principal executive offices are located at 20 Davis Drive, Belmont, California 94002. The information provided in the "question and answer" format below is for your convenience only and is merely a summary of the information contained in this proxy statement. You should read this entire proxy statement carefully. What matters am I voting on? You will be voting on: a proposal to elect six (6) directors nominated by our board of directors a