Form 4: Ciena Executive Sells Shares for Tax Obligations
Insider Transaction Report
Brodie Gage, SVP Global Products & Supply at Ciena Corp, disposed of 1,915 shares of common stock to cover tax liabilities associated with restricted stock unit awards.
Summary
- Brodie Gage, SVP Global Products & Supply at Ciena Corp, reported multiple dispositions of common stock.
- The transactions occurred on September 20, 2025, and involved shares withheld to cover tax liabilities.
- A total of 1,915 shares were disposed of at a price of $138.37 per share.
- These dispositions were related to the vesting of various restricted stock unit (RSU) awards, with original award dates ranging from December 14, 2021, to December 17, 2024.
- Following these transactions, Brodie Gage beneficially owns 41,003 shares of Ciena Corp common stock.
- The reported beneficial ownership includes both unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event. It does not indicate positive or negative operational performance or strategic shifts for the company.
Positives
- The transactions are routine and expected for executive compensation, indicating the vesting of previously granted equity awards.
- The reporting person continues to hold a significant number of shares (41,003), aligning their interests with shareholders.
Negatives
- A reduction in direct beneficial ownership of 1,915 shares by a senior executive, although for a routine tax-related purpose.
Risks
- No specific risks are mentioned in this Form 4 filing beyond the general market risks associated with holding equity.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This Form 4 filing details a routine insider transaction, specifically the disposition of shares by a senior executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are common across industries as a standard component of executive compensation and do not typically reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact, as it's a routine tax-related disposition and the executive retains significant ownership.
- Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/13/2022 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 10/27/2023 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 10/31/2023 | Date of previous Form 4 filing reporting acquisition of RSU (for 10/27/2023 award) and Form 3 filing (for 12/13/2022 and 12/14/2021 awards). |
| 12/12/2023 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/14/2023 | Date of previous Form 4 filing reporting acquisition of RSU (for 12/12/2023 award). |
| 12/17/2024 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/19/2024 | Date of previous Form 4 filing reporting acquisition of RSU (for 12/17/2024 award). |
| 09/20/2025 | Date of the reported stock disposition transactions. |
| 09/22/2025 | Signature date of the reporting person for this Form 4 filing. |
Keywords
CIENA, CIEN, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation, Brodie Gage
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