Form 4: Ciena SVP Brodie Gage Reports Tax-Related Stock Disposals
SEC Form 4
Brodie Gage, SVP of Global Products & Supply at Ciena Corp, reports disposals of common stock to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On March 20, 2025, Brodie Gage, SVP at Ciena Corporation, reported the disposal of several blocks of common stock to cover tax liabilities.
- These disposals were related to restricted stock unit (RSU) award agreements dating back to 2021.
- The disposals occurred at a price of $65.63 per share.
- The total number of shares disposed of was 204, 442, 669, 387 and 212.
- Following these transactions, Gage directly owns 46,933 shares of Ciena common stock, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax-related stock disposals and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal on 03/20/2025. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal on 03/20/2025. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal on 03/20/2025. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal on 03/20/2025. |
| 12/17/2024 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal on 03/20/2025. |
| 03/20/2025 | Date of the stock disposal transactions. |
| 03/21/2025 | Date of the signature on the Form 4. |
Keywords
Form 4, Ciena, Stock Disposal, Brodie Gage, RSU, Tax Liabilities, CIEN, SVP
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