CIEN.NYSECiena CORP
Form 4: Ciena SVP Jason Phipps Reports Stock Disposals for Tax Obligations
Sentiment:
SEC Form 4
Jason Phipps, SVP of Global Sales and Marketing at Ciena, reported the disposal of shares to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On March 20, 2024, Jason Phipps, SVP of Global Sales and Marketing at Ciena, reported disposing of shares of Ciena common stock to cover tax liabilities.
- The disposals were related to restricted stock unit (RSU) awards granted on December 16, 2020, December 14, 2021, December 13, 2022, and December 12, 2023.
- A total of 370, 326, 495, and 578 shares were disposed of at a price of $50.22 per share.
- Following these transactions, Phipps beneficially owns 103,645 shares of Ciena common stock, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock disposals for tax purposes, indicating a neutral sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/16/2020 | Date of restricted stock unit (RSU) award agreement related to the disposal of 370 shares. |
| 12/18/2020 | Date of Form 4 filing reporting the acquisition of the RSU award from 12/16/2020. |
| 12/14/2021 | Date of restricted stock unit (RSU) award agreement related to the disposal of 326 shares. |
| 12/16/2021 | Date of Form 4 filing reporting the acquisition of the RSU award from 12/14/2021. |
| 12/13/2022 | Date of restricted stock unit (RSU) award agreement related to the disposal of 495 shares. |
| 12/15/2022 | Date of Form 4 filing reporting the acquisition of the RSU award from 12/13/2022. |
| 12/12/2023 | Date of restricted stock unit (RSU) award agreement related to the disposal of 578 shares. |
| 12/14/2023 | Date of Form 4 filing reporting the acquisition of the RSU award from 12/12/2023. |
| 03/20/2024 | Date of the stock disposal transactions. |
| 03/21/2024 | Date of the Form 4 filing. |
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