Bartolomeo A. Giordano
CommScope Holding CompanyAbout Bartolomeo A. Giordano
Senior Vice President & President of CommScope’s Networking, Intelligent Cellular and Security Solutions (NICS) segment since 2023; previously General Manager of the RUCKUS business (2021–2023) and leader of RUCKUS worldwide sales and product management (2018–2021). Prior roles include positions of increasing responsibility at Egnyte (enterprise SaaS) and Marvell Semiconductor. Age 48. Under his leadership, NICS delivered strong 2023 results with segment Adjusted EBITDA of $225.2M (210% of target) and revenue at 101.7% of target; company stock rose 84.8% in 2024 as CommScope executed portfolio optimization and deleveraging, with Adjusted EBITDA of $1,095.1M and YE share price $5.21 .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| CommScope (NICS) | SVP & President | 2023–present | Leads NICS segment strategy and execution . |
| CommScope (RUCKUS) | General Manager | 2021–2023 | Led the RUCKUS business unit . |
| CommScope (RUCKUS) | WW Sales & Product Mgmt Lead | 2018–2021 | Led RUCKUS global sales and product management . |
External Roles
- None disclosed in company filings .
Fixed Compensation
Cash compensation (most recent disclosed year as Named Executive Officer):
| Metric | 2023 |
|---|---|
| Base Salary ($) | $481,000 |
| Target Bonus (% of salary) | 77.0% |
| Actual AIP Payout ($) | $657,742 (179.1% of target) |
Performance Compensation
Annual Incentive Plan (AIP) – 2023 (NICS-specific)
| Metric | Weight | Target | Actual | Payout (% of target) |
|---|---|---|---|---|
| NICS Adjusted EBITDA | 70% | $160.0M | $225.2M | 210.0% |
| NICS Revenue | 20% | $1.1B | $1,118.9M | 110.4% |
| Strategic Objectives (corporate) | 10% | Meets | Meets | 100.0% |
| Total | 100% | — | — | 179.1% |
Notes
- Company-wide AIP design in 2024 shifted to 90% Adjusted EBITDA and 10% strategic objectives (corporate or segment, depending on role); NICS-specific weights and results for 2024 were not separately disclosed for Giordano .
Long-Term Incentives
- 2023 equity grants (as NEO): RSUs 108,000; TSR PSUs (target) 33,900; Core Adjusted EBITDA PSUs (target) 50,800; standard 3-year performance/vesting constructs .
- 2024–2025 RSU grants and vesting cadence (per Form 4):
- Grants outstanding and unvested as of June 1, 2025: 16,934 RSUs (3/1/2023 grant; vest 6/1/2026), 19,067 RSUs (6/1/2023 grant; vest 6/1/2026), 52,800 RSUs (3/1/2024 grant; vest 6/1/2026 and 6/1/2027), 107,200 RSUs (6/1/2024 grant; vest 6/1/2026 and 6/1/2027), 94,500 RSUs (3/1/2025 grant; vest 6/1/2026, 6/1/2027, 6/1/2028) .
- Tax withholding: 49,363 shares were withheld on 6/1/2025 upon RSU/PSU vesting to cover taxes (transaction code “F”), not an open-market sale .
Equity Ownership & Alignment
Beneficial Ownership
| As-of Date | Common Shares | Options (exercisable ≤60 days) | Total Beneficial | % of Class |
|---|---|---|---|---|
| Mar 13, 2024 | 17,221 | 32,050 | 49,271 | <1% |
| Jun 1, 2025 | 426,800 | — | 426,800 | <1% (company-level; not in table) |
Vested vs. unvested (as of Jun 1, 2025)
- Unvested RSUs scheduled to vest in future tranches: 16,934 (2026), 19,067 (2026), 52,800 (2026/2027), 107,200 (2026/2027), 94,500 (2026/2027/2028) .
Ownership policy and alignment
- Executive stock ownership guidelines: Designated Officers must hold 2x base salary or 125,000 shares; Other designated officers 1x salary or 100,000 shares; CEO 5x or 1,000,000 shares; CFO 3x or 250,000 shares; measured each Dec 31 (5-year phase-in) .
- Anti-hedging and anti-pledging: Hedging and pledging of company shares prohibited, reducing misalignment/credit risk .
- Status: As of June 1, 2025, reported beneficial holdings of 426,800 shares exceed the 125,000-share guideline threshold applicable to designated officers; formal compliance is assessed on Dec 31 under the policy .
Employment Terms
- Role start and tenure: Appointed SVP & President, NICS in 2023; executive officer listing confirms current status .
- Severance framework (company standard for senior executives): Company maintains Severance Protection Agreements covering senior executive officers. If terminated without cause or for good reason, executives receive accrued compensation plus severance equal to one times base salary (and, for specified roles, base plus target bonus), paid over 12 months; following a change in control and qualifying termination, severance increases to a role-based multiple of base plus target bonus paid in a lump sum, with company-paid COBRA during a defined continuation period; pro-rata bonus upon death/disability or qualifying change-in-control termination; restrictive covenants apply .
- Restrictive covenants: Confidentiality and post-termination non-compete (generally two years for executives; 18 months for certain roles listed), non-solicit of employees/customers .
- Clawback: Compensation Recovery policy to recoup incentive compensation following a financial restatement .
Investment Implications
- Alignment and retention: Large unvested RSU stack vesting in 2026–2028 (totaling 290,501 units) creates multi-year retention hooks and aligns incentives with share price and operational performance, supportive of continuity in NICS leadership .
- Pay-for-performance: 2023 AIP paid 179.1% of target on NICS overachievement (EBITDA at 210% of target), evidencing variable pay linkage to segment results and Giordano’s execution within NICS during a challenging industry backdrop .
- Selling pressure: Recent Form 4 activity was tax withholding on vesting (code “F”), not open-market selling; upcoming June vest dates could create periodic withholding-related flow but do not indicate discretionary insider selling .
- Governance safeguards: Anti-hedging/pledging policy and clawback reduce governance risk; executive ownership guidelines and current holdings support “skin-in-the-game” alignment .
- Company backdrop: 2024 saw stock +84.8%, Adjusted EBITDA of $1,095.1M, and deleveraging/portfolio optimization; continued execution may enhance value creation opportunities within NICS, though macro demand and capex cycles remain key exogenous variables .