Rothenstein David M 4
4 · CIENA CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
CIENA (CIEN) SVP David Rothenstein Sells Shares for Tax Withholding
What Happened
David M. Rothenstein, SVP and Chief Strategy Officer at CIENA (CIEN), had a total of 2,113 shares withheld on March 20, 2026 to satisfy tax liabilities related to vested restricted stock/unit awards. The shares were recorded as dispositions at $383.89 per share, totaling approximately $811,160 across five withholding transactions (472, 174, 811, 436, and 220 shares).
Key Details
- Transaction date: 2026-03-20; filing date: 2026-03-24 (filed within two business days).
- Price per share: $383.89; total value of withheld shares: ~$811,160.
- Shares withheld by transaction: 472; 174; 811; 436; 220 (total 2,113).
- Reported as code F — shares withheld to cover tax liabilities upon vesting of RSUs/PSUs.
- Footnotes indicate withholdings relate to RSU award agreements dated 12/13/2022, 12/12/2023, 12/17/2024, and 12/16/2025; reported RSU/PSU grants were previously disclosed on Form 4 filings tied to those dates.
- Shares owned after the transaction are not specified in the provided summary of the filing.
Context
This was a tax-withholding disposition (code F), a routine administrative action when restricted stock units or performance units vest. These withholdings are not open-market sales by the insider and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-20$383.89/sh−472$181,196→ 196,722 total - Tax Payment
Common Stock
[F1][F2]2026-03-20$383.89/sh−174$66,797→ 196,548 total - Tax Payment
Common Stock
[F3][F2]2026-03-20$383.89/sh−811$311,335→ 195,737 total - Tax Payment
Common Stock
[F4][F2]2026-03-20$383.89/sh−436$167,376→ 195,301 total - Tax Payment
Common Stock
[F5][F2]2026-03-20$383.89/sh−220$84,456→ 195,081 total
Footnotes (5)
- [F1]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/15/2022.
- [F2]Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- [F3]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.
- [F4]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.
- [F5]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.