Form 4: Ciena CFO James Moylan Jr. Reports Stock Disposals for Tax Obligations
SEC Form 4
James Moylan Jr., CFO of Ciena Corp, reports disposals of common stock to cover tax liabilities related to restricted stock unit awards.
Summary
- James E. Moylan Jr., CFO of CIENA CORP [CIEN], reported the disposal of common stock on March 20, 2025, to cover tax liabilities related to restricted stock unit (RSU) awards.
- A total of 568 shares were disposed of at a price of $65.63 to cover tax liabilities related to an RSU award agreement dated December 13, 2022.
- An additional 590 shares were disposed of at the same price to cover tax liabilities related to an RSU award agreement dated December 12, 2023.
- Furthermore, 310 shares were disposed of at $65.63 to cover tax liabilities related to an RSU award agreement dated December 14, 2021.
- Following these transactions, Moylan directly owns 226,629 shares of common stock and indirectly owns 152,120 shares through a spousal trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It reflects standard practice for covering tax obligations associated with vesting RSUs.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of restricted stock unit (RSU) award agreement related to the disposal of 310 shares. |
| 12/13/2022 | Date of restricted stock unit (RSU) award agreement related to the disposal of 568 shares. |
| 12/12/2023 | Date of restricted stock unit (RSU) award agreement related to the disposal of 590 shares. |
| 03/20/2025 | Date of the stock disposal transactions. |
| 03/21/2025 | Date of signature for the Form 4 filing. |
Keywords
CIENA, CFO, James Moylan Jr., Stock Disposal, Form 4, RSU, Tax Liabilities, Insider Trading
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