Form 4: Ciena Corp SVP and General Counsel Sheela Kosaraju Reports Stock Transactions
SEC Form 4
Sheela Kosaraju, SVP and General Counsel of Ciena Corp, reports the withholding of shares to cover tax liabilities related to restricted stock units and performance stock units, resulting in a change in beneficial ownership.
Summary
- On December 20, 2024, Sheela Kosaraju, SVP and General Counsel of Ciena Corporation, reported transactions involving Ciena's common stock.
- The transactions involved the withholding of shares to cover tax liabilities related to restricted stock units (RSUs) and performance stock units (PSUs).
- The shares were withheld at a price of $87.38.
- Following the reported transactions, Kosaraju's beneficial ownership of Ciena's common stock decreased from 100,562 to 97,254 shares.
- The report indicates that the transactions were related to RSU award agreements dated 12/16/2020, 12/13/2022, 2/1/2023, 12/12/2023, 12/14/2021 and a PSU award agreement dated 12/12/2023.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates ongoing equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of restricted stock unit (RSU) award agreement related to some of the transactions. |
| 12/14/2021 | Date of restricted stock unit (RSU) award agreement related to some of the transactions. |
| 12/13/2022 | Date of restricted stock unit (RSU) award agreement related to some of the transactions. |
| 02/01/2023 | Date of restricted stock unit (RSU) award agreement related to some of the transactions. |
| 02/03/2023 | Date of reporting person's Form 3 filing. |
| 12/12/2023 | Date of restricted stock unit (RSU) and performance stock unit (PSU) award agreements related to some of the transactions. |
| 12/14/2023 | Date of reporting person's Form 4 filing. |
| 12/19/2024 | Date of reporting person's Form 4 filing. |
| 12/20/2024 | Date of the reported transactions. |
| 12/23/2024 | Date of signature for the report. |
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