Form 4: Ciena Corp SVP Gage Brodie Reports Acquisition of Shares Through Performance Stock Units and Restricted Stock Units

SVP of Global Products & Supply at Ciena Corp, Gage Brodie, reports acquisition of common stock through performance stock units and restricted stock units.

Summary

• Gage Brodie, SVP of Global Products & Supply at Ciena Corp, reported transactions involving Ciena's common stock on December 17, 2024.
• These transactions include the acquisition of 4,818 shares through performance stock units (PSUs) and 11,629 shares through restricted stock units (RSUs).
• The PSUs were earned based on the achievement of performance conditions related to an award granted on December 12, 2023, and will vest in two equal installments on December 20, 2024, and 2025.
• The RSUs vest over four years, with one-sixteenth of the grant amount vesting quarterly starting on March 20, 2025.
• Following these transactions, Brodie directly owns 53,627 shares of Ciena Corp common stock, which includes unvested RSUs and PSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests with company performance.

Positives

• The acquisition of shares reflects compensation and incentives tied to performance and continued employment.
• The vesting schedules of the RSUs and PSUs align Brodie's interests with the long-term performance of the company.

Future Outlook

The reported transactions reflect ongoing compensation and incentive plans for company executives.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align executive interests with company performance.

Key Dates