Form 4: Ciena SVP Brodie Gage Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Brodie Gage, SVP of Global Products & Supply at Ciena, reported the disposal of common stock to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On September 20, 2024, Brodie Gage, SVP of Global Products & Supply at Ciena, reported the disposal of Ciena common stock.
- The disposals were made to cover tax liabilities related to restricted stock unit (RSU) award agreements.
- A total of 2,106 shares were disposed of at a price of $58.73 per share.
- Following the reported transactions, Gage beneficially owns 37,180 shares of Ciena common stock, which includes unvested Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations on stock-based compensation.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It reflects standard practice for covering tax obligations associated with vesting RSUs.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 02/01/2021 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 10/31/2023 | Date of Form 3 filing by the reporting person. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement related to a transaction. |
| 12/14/2023 | Date of Form 4 filing by the reporting person. |
| 09/20/2024 | Date of the reported transactions (stock disposals). |
| 09/23/2024 | Date of signature on the Form 4 filing. |
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