Form 4: Ciena SVP Dino DiPerna Reports Tax-Related Stock Disposals
SEC Form 4
Dino DiPerna, SVP Global R&D at Ciena, reports the disposal of common stock to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On March 20, 2025, Dino DiPerna, SVP Global R&D at Ciena, disposed of shares of common stock to cover tax liabilities associated with previously granted restricted stock units (RSUs).
- A total of 2,128 shares were disposed of at a price of $65.63 per share.
- The disposals were related to RSU awards granted on various dates: October 27, 2023, December 13, 2022, December 12, 2023, December 17, 2024 and December 14, 2021.
- Following these transactions, DiPerna beneficially owns 46,981 shares of Ciena common stock, including unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal. |
| 12/13/2022 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal. |
| 10/27/2023 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal. |
| 12/12/2023 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal. |
| 12/17/2024 | Date of a restricted stock unit (RSU) award agreement related to a stock disposal. |
| 03/20/2025 | Date of stock disposal to cover tax liabilities. |
| 03/21/2025 | Date of Form 4 signature. |
Keywords
Form 4, CIEN, Ciena, Dino DiPerna, Stock Disposal, RSU, Tax Liabilities, Beneficial Ownership
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