Form 4: Ciena Corp SVP Global R&D, Dino DiPerna, Reports Stock Transactions
SEC Form 4
Dino DiPerna, SVP Global R&D at Ciena Corp, reports acquisition of common stock and stock units through vesting of RSUs and PSUs.
Summary
- Dino DiPerna, SVP Global R&D at Ciena Corp, reported transactions involving Ciena's common stock.
- On December 17, 2024, DiPerna acquired 12,764 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.0.
- Additionally, DiPerna acquired 5,231 shares of common stock through the vesting of Performance Stock Units (PSUs) at a price of $0.0.
- Following these transactions, DiPerna beneficially owns 56,755 shares, including unvested RSUs and PSUs.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, so the sentiment is neutral.
Future Outlook
The reported RSUs vest over four years, commencing on March 20, 2025, suggesting continued equity-based compensation for the reporting person.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/12/2023 | Date of performance stock unit (PSU) award grant. |
| 12/17/2024 | Date of common stock acquisition through RSU and PSU vesting. |
| 12/18/2024 | Date of signature for the report. |
| 03/20/2025 | First vesting date for RSUs, with subsequent vesting on June 20, September 20, and December 20 of each year. |
| 12/20/2024 | First vesting date for PSUs, with the remaining half vesting on December 20, 2025. |
| 12/20/2025 | Second vesting date for PSUs. |
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