Form 4: CIENA CFO James Moylan Jr. Reports Routine Stock Dispositions for Tax Obligations
Insider Transaction Report
CIENA Corporation's SVP Finance and CFO, James E. Moylan Jr., reported the disposition of common stock shares to cover tax liabilities related to vested Restricted Stock Unit (RSU) awards.
Summary
- James E. Moylan Jr., SVP Finance and CFO of CIENA CORP (CIEN), reported transactions on June 20, 2025, involving the disposition of common stock.
- A total of 568 shares were withheld at a price of $74.53 per share to cover tax liabilities from an RSU award dated December 13, 2022.
- An additional 706 shares were withheld at $74.53 per share for tax liabilities related to an RSU award dated December 12, 2023.
- Furthermore, 310 shares were withheld at $74.53 per share to cover tax liabilities from an RSU award dated December 14, 2021.
- Following these transactions, Mr. Moylan's direct beneficial ownership of Common Stock is 225,045 shares, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- He also indirectly beneficially owns 152,120 shares through a spousal trust, though he disclaims beneficial ownership of these securities.
Sentiment
Score: 5
Explanation: The document reports routine insider transactions for tax purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider's stock transactions, specifically related to tax obligations arising from equity compensation. It does not provide broader industry context or trends.
Related Party Transactions
- Indirect beneficial ownership of 152,120 shares held by a spousal trust, with the reporting person disclaiming beneficial ownership.
Stakeholder Impact
- Shareholders: Minimal impact, as these are routine tax-related transactions by an executive and not a discretionary sale indicating a change in confidence.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/13/2022 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/12/2023 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 06/20/2025 | Date of the reported stock transactions (shares withheld for tax liabilities). |
| 06/23/2025 | Date the Form 4 was signed and filed. |
Keywords
CIENA CORP, CIEN, Form 4, insider transaction, beneficial ownership, stock disposition, Restricted Stock Units, RSU, tax withholding, CFO
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