Form 4: Ciena SVP Brodie Gage Reports Tax Liability Share Withholding
SEC Form 4
Brodie Gage, SVP Global Products & Supply at Ciena, reports the withholding of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On March 20, 2024, Brodie Gage, SVP Global Products & Supply at Ciena, reported the withholding of common stock shares to cover tax liabilities related to previously reported RSU awards.
- A total of 2,303 shares were withheld at a price of $50.22 per share across multiple RSU award agreements.
- Following the reported transactions, Gage directly owns 42,574 shares of Ciena common stock, which includes unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on routine tax-related transactions; it doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of a restricted stock unit (RSU) award agreement. |
| 02/01/2021 | Date of a restricted stock unit (RSU) award agreement. |
| 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 Brodie Gage's Form 3 was filed. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement. |
| 12/14/2023 | Date Brodie Gage's Form 4 was filed. |
| 03/20/2024 | Date of the reported transactions (share withholding for tax liabilities). |
| 03/21/2024 | Date of signature for the Form 4 filing. |
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