Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

Background

Item 402(v) of the Commission’s Regulation S-K, which was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires disclosure of information that demonstrates the relationship between executive “compensation actually paid” (CAP) and our performance against several specific financial metrics. We have included the table and disclosure below in accordance with the final rule, which was effective on October 11, 2022. For further information regarding our executive compensation programs, the metrics the Compensation Committee used to set executive compensation for 2025 (which is different than the financial metrics we are required to include in the tables and discussion below) and our pay-for-performance philosophy, please refer to the “Compensation Discussion and Analysis.”

PAY VERSUS PERFORMANCE TABLE



									Value of Initial Fixed $100 Investment Based On:
Year(1)	Summary Compensation Table Total for PEO ($)(1)		Compensation Actually Paid to PEO ($)(1)(2)		Average Summary Compensation Table Total for Non-PEO NEOs ($)(1)(3)		Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(4)		Total Shareholder Return ($)(5)		Peer Group Total Shareholder Return ($)(6)		Net Income (Loss) (in millions) ($)			Adjusted EBITDA (including CCS) (in millions) ($)(7)

2025		15,417,850		78,539,910		4,143,489		11,742,764		135.30		243.67		2,283.7			1,334.0
2024		20,053,811		29,563,977		4,609,100		6,517,036		36.72		191.35		(315.5	)		1,095.1
2023		12,300,463		440,798		2,930,969		1,008,157		19.87		139.48		(1,506.8	)		996.6
2022		10,599,962		4,965,937		2,916,369		2,231,441		51.80		119.54		(1,286.9	)		1,223.4
2021		2,865,860		570,304		2,184,701		1,190,693		77.80		150.30		(462.6	)		1,043.3

(1)

The named executive officers included in the above table were:



Year	Primary Executive Officer (PEO)	Non-PEO NEOs
2025	Charles L. Treadway	Kyle D. Lorentzen, Koen ter Linde, Krista R. Bowen, Charles A. Gilstrap, Justin C. Choi
2024	Charles L. Treadway	Kyle D. Lorentzen, Justin C. Choi, Farid Firouzbakht and Koen ter Linde
2023	Charles L. Treadway	Kyle D. Lorentzen, Justin C. Choi, Bartolomeo A. Giordano and Gonzaga J. Chow
2022	Charles L. Treadway	Kyle D. Lorentzen, Markus R. Ogurek, Justin C. Choi and John R. Carlson
2021	Charles L. Treadway	Kyle D. Lorentzen, Alexander W. Pease, Justin C. Choi, Morgan C.S. Kurk, Robyn T. Mingle and Brooke B. Clark

(2)

Amounts represent CAP to Mr. Treadway, as calculated in accordance with Item 402(v) of the Commission’s Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Treadway during the applicable year. As required by the rules of the Commission, the CAP amount for each year is determined by adding (or subtracting, as applicable) the following to the SCT total compensation for the relevant year: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in the fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The adjustments to determine CAP for 2025 for Mr. Treadway are as follows:



	2025

Deduction for amounts reported under the “Stock Awards” column in the SCT	$	(10,001,250	)
Fair value of awards granted during the year that remain outstanding and unvested as of year-end		33,313,875
Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end		20,679,407
Change in fair value from prior year-end to current year-end of awards granted in prior years that vested during the year		19,130,028
Fair value of awards granted in prior years that were forfeited during the year		—
Incremental fair value of awards modified during year		—
Total	$	63,122,060

(3)

Amounts represent the average of the amounts reported for the Company’s non-PEO NEOs as a group in the “Total” column of the SCT in each applicable year. These non-CEO NEOs are identified above in footnote 1.

(4)

Amounts represent the average of the CAP amounts for the non-PEO NEOs as a group, as calculated in accordance with Item 402(v) of the Commission’s Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the non-PEO NEOs during the applicable year. As required by the rules of the Commission, the following adjustments were made to the SCT total

compensation for 2025 to determine the average CAP for the non-PEO NEOs, using the same methodology as described above in footnote 2:



	2025

Deduction for amounts reported under the “Stock Awards” column in the SCT	$	(8,667,098	)
Fair value of awards granted during the year that remain outstanding and unvested as of year-end		22,598,374
Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end		13,002,972
Change in fair value from prior year-end to current year-end of awards granted in prior years that vested during the year		12,706,331
Fair value of awards granted in prior years that were forfeited during the year		(1,707,987	)
Incremental fair value of awards modified during the year		63,780
Total	$	37,996,372

(5)

Cumulative TSR is calculated by dividing (a) the difference between the Company’s share price at the end and the beginning of the measurement period by (b) the Company’s share price at the beginning of the measurement period. These share prices are adjusted for dividends paid during the measurement period, assuming they were reinvested.

(6)

Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the Standard & Poor’s 1500 Communications Equipment Index.

(7)

Adjusted EBITDA (including CCS) consists of adjusted EBITDA from continuing operations but including the CCS segment. See the aggregation of Adjusted EBITDA included in Appendix A hereto. Amounts shown in the table for prior years were calculated in the same manner. As described in the “Compensation Discussion and Analysis,” the Compensation Committee uses a number of performance measures to evaluate performance under our compensation programs, but the Company has determined that Adjusted EBITDA (including CCS) is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link CAP to the NEOs, for the most recently completed fiscal year, to Company performance.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)

The named executive officers included in the above table were:



Year	Primary Executive Officer (PEO)	Non-PEO NEOs
2025	Charles L. Treadway	Kyle D. Lorentzen, Koen ter Linde, Krista R. Bowen, Charles A. Gilstrap, Justin C. Choi
2024	Charles L. Treadway	Kyle D. Lorentzen, Justin C. Choi, Farid Firouzbakht and Koen ter Linde
2023	Charles L. Treadway	Kyle D. Lorentzen, Justin C. Choi, Bartolomeo A. Giordano and Gonzaga J. Chow
2022	Charles L. Treadway	Kyle D. Lorentzen, Markus R. Ogurek, Justin C. Choi and John R. Carlson
2021	Charles L. Treadway	Kyle D. Lorentzen, Alexander W. Pease, Justin C. Choi, Morgan C.S. Kurk, Robyn T. Mingle and Brooke B. Clark

Peer Group Issuers, Footnote

PEO Total Compensation Amount

$ 15,417,850

$ 20,053,811

$ 12,300,463

$ 10,599,962

$ 2,865,860

PEO Actually Paid Compensation Amount

$ 78,539,910

29,563,977

440,798

4,965,937

570,304

Adjustment To PEO Compensation, Footnote

The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The adjustments to determine CAP for 2025 for Mr. Treadway are as follows:



	2025

Deduction for amounts reported under the “Stock Awards” column in the SCT	$	(10,001,250	)
Fair value of awards granted during the year that remain outstanding and unvested as of year-end		33,313,875
Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end		20,679,407
Change in fair value from prior year-end to current year-end of awards granted in prior years that vested during the year		19,130,028
Fair value of awards granted in prior years that were forfeited during the year		—
Incremental fair value of awards modified during year		—
Total	$	63,122,060

Non-PEO NEO Average Total Compensation Amount

$ 4,143,489

4,609,100

2,930,969

2,916,369

2,184,701

Non-PEO NEO Average Compensation Actually Paid Amount

$ 11,742,764

6,517,036

1,008,157

2,231,441

1,190,693

Adjustment to Non-PEO NEO Compensation Footnote

(4)

compensation for 2025 to determine the average CAP for the non-PEO NEOs, using the same methodology as described above in footnote 2:



	2025

Deduction for amounts reported under the “Stock Awards” column in the SCT	$	(8,667,098	)
Fair value of awards granted during the year that remain outstanding and unvested as of year-end		22,598,374
Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end		13,002,972
Change in fair value from prior year-end to current year-end of awards granted in prior years that vested during the year		12,706,331
Fair value of awards granted in prior years that were forfeited during the year		(1,707,987	)
Incremental fair value of awards modified during the year		63,780
Total	$	37,996,372

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

List of Most Important Financial Measures

The financial performance measures, which in the Company’s assessment represent the most important financial performance measures used by the Company to link CAP to the NEOs, for the most recently completed fiscal year, to company performance, are as follows:

•

Adjusted EBITDA (including CCS)

•

Revenue

•

TSR

Total Shareholder Return Amount

$ 135.3

36.72

19.87

51.8

77.8