Form 4: Ciena Corp SVP Dino DiPerna Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Dino DiPerna, SVP Global R&D at Ciena Corp, reported the disposal of common stock to cover tax liabilities related to restricted stock unit (RSU) and performance stock unit (PSU) awards.
Summary
- On December 20, 2024, Dino DiPerna, SVP Global R&D at Ciena Corp, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involved the disposal of common stock to cover tax liabilities related to previously reported RSU and PSU awards.
- A total of 3,866 shares were disposed of at a price of $87.38 per share.
- Following the transactions, DiPerna directly owns 53,289 shares of Ciena Corp common stock, including unvested RSUs and PSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, not indicative of a significant positive or negative outlook for the company.
Industry Context
This is a routine transaction; executives often sell shares to cover tax obligations when RSUs or PSUs vest. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of a restricted stock unit (RSU) award agreement related to some of the disposed shares. |
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to some of the disposed shares. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to some of the disposed shares. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to some of the disposed shares. |
| 12/12/2023 | Date of a restricted stock unit (RSU) and performance stock unit (PSU) award agreement related to some of the disposed shares. |
| 12/14/2023 | Date of a restricted stock unit (RSU) award agreement related to some of the disposed shares. |
| 12/19/2024 | Date of previous Form 4 filing reporting the earning of the PSU. |
| 12/20/2024 | Date of the reported transactions (stock disposals). |
| 12/23/2024 | Date of signature on the Form 4 filing. |
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