Form 4: Ciena Corp SVP Brodie Gage Reports Stock Transactions to Cover Tax Obligations
SEC Form 4
SVP of Global Products & Supply at Ciena Corp, Brodie Gage, reports disposition of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On June 20, 2024, Brodie Gage, SVP of Global Products & Supply at Ciena Corp, reported the disposition of common stock to cover tax liabilities.
- The transactions involved the withholding of shares related to multiple restricted stock unit (RSU) award agreements.
- A total of 2,106 shares were disposed of at a price of $46.96 per share.
- Following the reported transactions, Gage beneficially owns 39,276 shares of Ciena Corp common stock, including unvested RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock transactions for tax purposes.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 12/16/2020 | Date of a restricted stock unit (RSU) award agreement related to shares withheld. |
| 06/20/2024 | Date of the stock transactions reported in the Form 4. |
| 06/21/2024 | Date of signature for the Form 4 filing. |
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