Form 4: Ciena SVP Jason Phipps Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Jason Phipps, SVP Global Sales and Marketing at Ciena Corp, reported the disposal of common stock to cover tax liabilities related to restricted stock unit (RSU) awards.
Summary
- On March 20, 2025, Jason Phipps, SVP Global Sales and Marketing at Ciena Corp, disposed of shares of common stock to cover tax liabilities related to previously granted restricted stock units (RSUs).
- A total of 1,731 shares were disposed of at a price of $65.63 per share across four separate transactions.
- These transactions were related to RSU awards granted on December 13, 2022, December 12, 2023, December 17, 2024 and December 14, 2021.
- Following these transactions, Phipps directly owns 108,146 shares of Ciena Corp, which includes unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, reflecting standard practice for corporate executives to manage tax obligations related to equity compensation.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 12/14/2021 | Date of related restricted stock unit (RSU) award agreement. |
| 12/13/2022 | Date of related restricted stock unit (RSU) award agreement. |
| 12/12/2023 | Date of related restricted stock unit (RSU) award agreement. |
| 12/17/2024 | Date of related restricted stock unit (RSU) award agreement. |
| 03/20/2025 | Date of transaction (stock disposal). |
| 03/21/2025 | Date of signature. |
Keywords
Form 4, Insider Trading, Stock Disposal, Restricted Stock Units, RSU, Tax Liabilities, Ciena, Phipps, CIEN
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