Form 4: Ciena Corp SVP Dino DiPerna Reports Stock Transactions
SEC Form 4
Dino DiPerna, SVP Global R&D at Ciena Corp, reports the withholding of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On June 20, 2024, Dino DiPerna, SVP Global R&D at Ciena Corp, reported the withholding of common stock shares to cover tax liabilities related to previously granted restricted stock units (RSUs).
- A total of 2,165 shares were withheld at a price of $46.96 per share to cover these tax obligations.
- The transactions are related to RSU awards granted on various dates: December 16, 2020 (368 shares), October 27, 2023 (204 shares), December 13, 2022 (444 shares), December 12, 2023 (730 shares), and December 14, 2021 (319 shares).
- Following these transactions, DiPerna directly owns 41,315 shares of Ciena Corp common stock, which includes unvested Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Form 4) detailing stock transactions for tax purposes. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, and doesn't necessarily reflect a strategic shift or material event for Ciena within the broader telecommunications equipment industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of RSU award agreement related to withholding of 368 shares. |
| 12/14/2021 | Date of RSU award agreement related to withholding of 319 shares. |
| 12/13/2022 | Date of RSU award agreement related to withholding of 444 shares. |
| 10/27/2023 | Date of RSU award agreement related to withholding of 204 shares. |
| 12/12/2023 | Date of RSU award agreement related to withholding of 730 shares. |
| 06/20/2024 | Date of transaction: shares withheld to cover tax liabilities. |
| 06/21/2024 | Date of signature on the Form 4. |
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