Form 4: Ciena Corp SVP, General Counsel Sheela Kosaraju Reports Tax Liability Share Withholding
SEC Form 4
Sheela Kosaraju, SVP, General Counsel of Ciena Corp, reports the withholding of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On September 20, 2024, Sheela Kosaraju, SVP, General Counsel of Ciena Corp, reported the withholding of common stock shares to cover tax liabilities.
- The shares were withheld at a price of $58.73 per share.
- A total of 191 shares were withheld related to an RSU award agreement dated September 8, 2020.
- An additional 177 shares were withheld related to an RSU award agreement dated December 16, 2020.
- Another 202 shares were withheld related to an RSU award agreement dated December 13, 2022.
- 897 shares were withheld related to an RSU award agreement dated February 1, 2023.
- 712 shares were withheld related to an RSU award agreement dated December 12, 2023.
- Finally, 131 shares were withheld related to an RSU award agreement dated December 14, 2021.
- Following these transactions, Kosaraju beneficially owns 84,429 shares of Ciena Corp common stock, which includes unvested Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the sentiment is neutral as it reflects standard compensation practices.
Industry Context
This is a standard Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/08/2020 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 12/16/2020 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 02/01/2023 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 02/03/2023 | Date of Form 3 and Form 4 filings referencing previous RSU acquisitions. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement related to withheld shares. |
| 12/14/2023 | Date of Form 4 filing referencing previous RSU acquisitions. |
| 09/20/2024 | Date of the reported transaction (share withholding). |
| 09/23/2024 | Date of the report. |
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