Form 4: CIENA Officer Reports Routine Tax-Related Stock Dispositions
Insider Transaction Report
David M Rothenstein, SVP and Chief Strategy Officer of CIENA CORP, reported the disposition of 16,718 shares of common stock to cover tax liabilities from vested equity awards.
Summary
- David M Rothenstein, SVP and Chief Strategy Officer of CIENA CORP (CIEN), reported multiple dispositions of common stock.
- All transactions occurred on December 20, 2025, and were coded 'F', indicating shares withheld to cover tax liabilities related to vested equity awards.
- A total of 16,718 shares were disposed of across nine separate transactions.
- The price per share for all dispositions was $230.34.
- The shares withheld originated from various Restricted Stock Unit (RSU), Market Stock Unit (MSU), and Performance Stock Unit (PSU) award agreements dating from December 2021 to December 2024.
- Following these transactions, Rothenstein's direct beneficial ownership of CIENA common stock stands at 204,694 shares, which includes unvested RSUs and PSUs.
Sentiment
Score: 5
Explanation: The filing is a routine Form 4 reporting tax-related share dispositions, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction report (Form 4) detailing tax-related share dispositions, which is a common occurrence for executives receiving equity compensation. It does not provide information related to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: This is a routine transaction and is unlikely to have a significant direct impact on shareholders. It represents a standard part of executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/16/2021 | Date of Form 4 filing reporting the acquisition of the 12/14/2021 RSU. |
| 12/13/2022 | Date of a Restricted Stock Unit (RSU) award agreement and a Market Stock Unit (MSU) award agreement. |
| 12/15/2022 | Date of Form 4 filing reporting the acquisition of the 12/13/2022 RSU. |
| 12/12/2023 | Date of a Restricted Stock Unit (RSU) award agreement and a Performance Stock Unit (PSU) award agreement. |
| 12/14/2023 | Date of Form 4 filing reporting the acquisition of the 12/12/2023 RSU. |
| 12/17/2024 | Date of a Restricted Stock Unit (RSU) award agreement and a Performance Stock Unit (PSU) award agreement. |
| 12/19/2024 | Date of Form 4 filing reporting the acquisition of the 12/17/2024 RSU and the earning of the 12/12/2023 PSU. |
| 12/18/2025 | Date of Form 4 filing reporting the earning of the 12/13/2022 MSU and the 12/17/2024 PSU. |
| 12/20/2025 | Date of reported transactions where shares were withheld for tax liabilities. |
| 12/22/2025 | Date the Form 4 was signed and filed. |
Keywords
CIENA CORP, CIEN, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Equity Awards, Restricted Stock Units, Performance Stock Units, Market Stock Units, David M Rothenstein
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