Form 4: Ciena Corp SVP David M. Rothenstein Reports Stock Disposals for Tax Obligations
SEC Form 4
David M. Rothenstein, SVP and Chief Strategy Officer of Ciena Corp, reported the disposal of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- David M. Rothenstein, SVP and Chief Strategy Officer of Ciena Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of common stock to cover tax liabilities related to restricted stock unit (RSU) awards.
- The transactions occurred on March 20, 2025.
- A total of 1741 shares were disposed of at a price of $65.63 per share.
- Following the reported transactions, Rothenstein beneficially owns 209,870 shares of Ciena Corp common stock, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing relates to routine tax-related stock disposals. It doesn't indicate a significant change in the executive's confidence in the company.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Disposals to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of related restricted stock unit (RSU) award agreement. |
| 12/16/2021 | Date Form 4 filed related to RSU award agreement. |
| 12/13/2022 | Date of related restricted stock unit (RSU) award agreement. |
| 12/15/2022 | Date Form 4 filed related to RSU award agreement. |
| 12/12/2023 | Date of related restricted stock unit (RSU) award agreement. |
| 12/14/2023 | Date Form 4 filed related to RSU award agreement. |
| 12/17/2024 | Date of related restricted stock unit (RSU) award agreement. |
| 12/19/2024 | Date Form 4 filed related to RSU award agreement. |
| 03/20/2025 | Date of transaction (stock disposal). |
| 03/21/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, CIEN, Ciena Corp, Rothenstein, RSU, Tax Liabilities, Stock Disposal
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