Form 4: Ciena SVP Brodie Gage Reports Tax Withholding on Restricted Stock Units
SEC Form 4
Brodie Gage, SVP Global Products & Supply at Ciena, reports the withholding of shares to cover tax liabilities related to previously reported RSU and PSU awards.
Summary
- On December 20, 2024, Brodie Gage, SVP Global Products & Supply at Ciena, reported the withholding of common stock shares to cover tax liabilities.
- The shares were withheld at a price of $87.38 per share.
- A total of 3,380 shares were withheld across multiple RSU and PSU award agreements.
- Following these transactions, Gage beneficially owns 50,247 shares of Ciena common stock, including unvested RSUs and PSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of tax withholding, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a standard Form 4 filing 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 related to tax liabilities. |
| 02/01/2021 | Date of a restricted stock unit (RSU) award agreement related to tax liabilities. |
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to tax liabilities. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to tax liabilities. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to tax liabilities. |
| 12/12/2023 | Date of a restricted stock unit (RSU) and performance stock unit (PSU) award agreement related to tax liabilities. |
| 12/14/2023 | Date of a restricted stock unit (RSU) award agreement related to tax liabilities. |
| 12/20/2024 | Date of transaction: shares withheld to cover tax liabilities. |
| 12/23/2024 | Date of signature for the Form 4 filing. |
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