Form 4: CIENA SVP DiPerna Sells Shares for Tax Obligations
Insider Transaction Report
CIENA's SVP of Global R&D, Dino DiPerna, reported the disposition of 2,125 shares of common stock to cover tax liabilities related to restricted stock unit awards.
Summary
- Dino DiPerna, SVP Global R&D of CIENA CORP, reported multiple dispositions of common stock.
- A total of 2,125 shares were disposed of on September 20, 2025, at a price of $138.37 per share.
- These dispositions were identified as shares withheld to cover tax liabilities associated with various restricted stock unit (RSU) awards.
- The RSU awards for which taxes were covered date back to October 27, 2023, December 13, 2022, December 12, 2023, December 17, 2024, and December 14, 2021.
- Following these transactions, Dino DiPerna beneficially owns 41,263 shares of CIENA common stock, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares for tax withholding purposes related to vested equity awards, which is a neutral event and does not reflect positively or negatively on the company's performance or outlook.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This routine insider transaction, specifically for tax withholding purposes, does not provide insights into broader industry trends or competitive positioning. It is a standard event for executives receiving equity compensation.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in investment sentiment by the insider.
- Employees: No direct impact on employees beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 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 of a Form 3/4 filing reporting acquisition of RSUs. |
| 12/12/2023 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/14/2023 | Date of a Form 4 filing reporting acquisition of RSUs. |
| 12/17/2024 | Date of a Restricted Stock Unit (RSU) award agreement. |
| 12/19/2024 | Date of a Form 4 filing reporting acquisition of RSUs. |
| 09/20/2025 | Transaction date for the disposition of shares to cover tax liabilities. |
| 09/22/2025 | Signature date of the reporting person for this Form 4 filing. |
Keywords
CIENA CORP, CIEN, Dino DiPerna, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Equity Compensation
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