Form 4: CIENA SVP Global Products & Supply Reports Routine Stock Transactions for Tax Purposes
Insider Transaction Report
Brodie Gage, SVP Global Products & Supply at CIENA CORP, reported the disposition of 1,915 shares of common stock on June 20, 2025, primarily to cover tax liabilities associated with restricted stock unit awards.
Summary
- Brodie Gage, SVP Global Products & Supply of CIENA CORP (CIEN), filed a Form 4 reporting changes in beneficial ownership.
- On June 20, 2025, Mr. Gage disposed of a total of 1,915 shares of CIENA Common Stock at a price of $74.53 per share.
- These dispositions were primarily 'F' transactions, indicating shares withheld by the company to cover tax liabilities related to the vesting of various Restricted Stock Unit (RSU) awards.
- The RSU awards for which shares were withheld were granted on 10/27/2023, 12/13/2022, 12/12/2023, 12/17/2024, and 12/14/2021.
- Following these transactions, Brodie Gage beneficially owns 43,968 shares of CIENA Common Stock, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: The document reports routine insider transactions for tax purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
This document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider's stock transactions, specifically related to tax withholding on RSU vesting. It does not provide information relevant to broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related transactions by an insider and do not reflect a discretionary sale or change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of a Restricted Stock Unit (RSU) award agreement for which shares were withheld for tax liabilities. |
| 12/13/2022 | Date of a Restricted Stock Unit (RSU) award agreement for which shares were withheld for tax liabilities. |
| 10/27/2023 | Date of a Restricted Stock Unit (RSU) award agreement for which shares were withheld for tax liabilities. |
| 12/12/2023 | Date of a Restricted Stock Unit (RSU) award agreement for which shares were withheld for tax liabilities. |
| 12/19/2024 | Date of Form 4 filing reporting acquisition of RSU award dated 12/17/2024. |
| 12/17/2024 | Date of a Restricted Stock Unit (RSU) award agreement for which shares were withheld for tax liabilities. |
| 06/20/2025 | Date of the reported transactions where shares were disposed of to cover tax liabilities. |
| 06/23/2025 | Date the Form 4 was signed and filed. |
Keywords
CIENA CORP, CIEN, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Tax Withholding, Brodie Gage
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